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Weekly Roundup: Deutsche Bank Settles US Tax Fraud Case for $95 million, Swiss Bank Manager Charged in Singapore’s 1MDB Probe, and More
printGerman lender Deutsche Bank has admitted to using shell companies to avoid U.S. tax liabilities in 2000 and has agreed to pay $95 million in Manhattan to settle a government lawsuit, Reuters reported, citing court documents. More Deutsche Bank has appointed its third global compliance chief in less than a year following an alleged dispute over plans to expand its anti-financial crime operations, The Wall Street Journal reported, citing sources. More The former Singapore branch manager of Switzerland's Falcon Private Bank plans to plead guilty to compliance breach charges by local prosecutors as part of a probe into the alleged...
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