JPM - Deutsche Bank tops list of FinCEN suspicious transactions

Deutsche Bank (DB) appears to have facilitated more than half of the leaked $2T of suspicious transactions that were flagged to the U.S. government over nearly two decades, according to Deutsche Welle, though the lender said the incidents "have already been investigated and led to regulatory resolutions."Shares of HSBC and Standard Chartered fell earlier on the suspicious fund movement, while JPMorgan (JPM), BNY Mellon (BK) and Barclays (BCS) were also named in the report.Financial firms are required by law to alert FinCEN (the U.S. Treasury’s Financial Crimes Enforcement Network) when they detect activities like money laundering and sanctions violations, though such reports are not necessarily evidence of criminal misconduct.

For further details see:

Deutsche Bank tops list of FinCEN suspicious transactions