Commerzbank: suspicion of money laundering in the United States – Spiegel Online

Commerzbank: suspicion of money laundering in the United States – Spiegel Online

New York – Commerzbank has to deal with money laundering charges in the United States. As the “Wall Street Journal” reported prosecutors in New York have opened investigations. Germany’s second largest bank had to lax controls to detect money laundering and to prevent, so the accusation. What is going exactly, is unclear, the newspaper said. A spokesman for Commerzbank declined to comment on demand from SPIEGEL ONLINE on the report

According to “Wall Street Journal” the investigations could affect one other case in the USA., The Bank negotiated for months with U.S. authorities a comparison to alleged violations of U.S. sanctions against countries such as Iran and

Sudan. The investigations relate to a number of European banks. Some of them have already paid large sums to settle the disputes. The Commerzbank stood, according to media reports, shortly before concluding the negotiations and was reportedly willing to pay more than $ 600 million.

But the deal could now explode. According to “Wall Street Journal” check the U.S. authorities, whether they merge the two cases. The negotiations would take longer, and the punishment could a few hundred million dollars more.