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Weekly Roundup: Germany Ramps Up Deutsche Bank Probe, Nordic Lenders Launch Shared KYC Utility, and More

German state prosecutors plan to search the homes of former high-net-worth clients of Deutsche Bank as they intensify a probe into alleged money laundering involving the lender, Reuters reported. More Danske Bank, Swedbank and four other Nordic lenders formally disclosed the establishment of a shared platform to conduct due diligence checks on their large and midsize corporate clients in a standardized manner, Reuters reported. More Attorneys for the former Danske Bank employee who exposed the flow of vast illicit sums through the lender's Estonian branch said Danske launched an internal review of his allegations with the intent of “discrediting” him,...

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