The Dark Money Files
The Dark Money Files
The Deutsche Bank Story, Part Two - The FCA comes to visit
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In this second part of our in-depth review of the recent travails at Deutsche Bank we talk about the background to the Systematic AML Programme (SAMLP) visit by the FCA, the LIBOR fine which preceded it (including the £100m fine for DB's breach of Principle 11) as well as describing what exactly a SAMLP entails.
Whilst this is specifically a tool in the UK regulator's toolbox, the outcomes and learning from the visit would apply to any bank throughout the world.
We also mention the EU's latest report into the failings of some banks (including DB) in respect of recent alleged money laundering scandals.
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