Midweek Roundup: Epstein’s Deutsche Bankers Named, New Jersey Orders Unity Bancorp To Bolster AML Controls, and More

An investigation by The New York Times identified several Deutsche Bank executives that were directly involved in opening or maintaining at least 40 accounts for convicted sex trafficker Jeffrey Epstein, including the German lender’s current head of compliance for the Americas. More Epstein’s alleged associate Ghislaine Maxwell hid from investigators at a home in New Hampshire purchased in cash through a legal entity that obscured her ultimate control, The New York Times reported. More State regulators in New Jersey issued a consent order requiring Unity Bancorp to bolster compliance with the Bank Secrecy Act, American Banker reported. Consulting firm McKinsey...