Did you receive a notice from Deutsche? Did you receive a mail about a class action settlement about Deutsche being fined $186M for failure to address anti-money laundering…? This review will help you partake in the class action settlement after confirming the authenticity of the mail.
What Is Deutsche being fined $186M for failure to address anti-money laundering Class Action Settlement?
The Federal Reserve has ordered Deutsche Bank to pay a $186 million fine.
The fine was levied over claims Deutsche Bank failed to adequately comply with consent orders from 2015 and 2017 that asked the bank to address shortcomings with its anti-money laundering and sanctions compliance.
What Is This Class Action All About?
The Federal Reserve has ordered Deutsche Bank to pay $186 million over claims the financial institution failed to make sufficient progress in addressing previously identified concerns with its anti-money laundering and sanctions compliance, among other things.
Deutsche Bank, along with its US affiliates, did not do enough to satisfy a pair of consent orders from 2015 and 2017 that cited them for alleged failures in US sanctions compliance and in their anti-money laundering controls, the Fed argued.
The Fed claimed that, contrary to the orders, the bank’s US operations “have remained exposed to heightened levels of compliance risk without sufficient internal controls.”
Included in this risk was the risk of “failing detect money laundering activity or U.S. sanctions violations,” according to the recent consent order.
Who Is Eligible?
This settlement benefits all individuals who’s affected by the Fed’s decision to fine and place sanctions on Deutsche Bank.
How To Be Part of This Settlement
Class members must submit a valid and timely claim on the settlement website in order in this class action settlement.
What Is The Pay For This Settlement?
The pay for this settlement varies and the proof of purchase is not necessary.
Conclusion
As you submit your claim to the settlement website, just like Samsung Ice Maker class action settlement we have reviewed, you’re doing so under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim.
