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Deutsche Bank's suspicious Russian trades count rises to $10 billion: source

From reuters.com

Deutsche Bank may have been used by some of its Russian clients as a hub for money laundering to a greater extent than previously assumed, a source familiar with the matter said on Tuesday. The lender has found a total of $10 billion of suspicious trades, including $6 billion in so-called "mirror trades" that it identified earlier this year, the source said, adding that it had shared this information with watchdogs in September. The "mirror trades" may have allowed Russian customers to move money from one country to another without alerting the authorities, potentially allowing them to breach the sanctions against ... (full story)

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