/ fdlx.com
The New York branch of Deutsche Bank has to pay at least $200 million to resolve investigations into its dealings with countries like Iran and Syria, which are under U.S. economic sanctions, Deutsche Welle's Russian news service reported.
The investigations, led by New York State's financial regulator and the Federal Reserve, have centered on whether the bank's New York branch processed transactions for clients in those countries in violation of United States sanctions laws.
As reported by Western news agencies, the bank agreed to a fine with the U.S. financial supervisory authority DFS, as well as with the U.S. Federal Reserve.
The deal is expected to be announced this week.
However, it may not be the only disputable case for Deutsche Bank. The bank is facing a major escalation of a U.S. probe into its activities in Russia, as a money laundering investigation of its Moscow unit widens to examine possible sanctions violations.