The scheme allowed customers to siphon money out of Russia without notifying authorities, according to Ukraine Today.

The funds could have potentially allowed clients to defy sanctions imposed on Russia over Moscow's annexation of the Ukrainian Crimea.

The Frankfurt based bank is now investigating equity trades in Moscow and London. Deutsche bank first launched an internal investigation into Russian trades in June.

See’s video section for more of the latest news from Ukraine in video from Ukraine Today, Ukraine’s 24-hour English-language news channel.