German bank fined 7 million euros over Assad family money ...Kuwait

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German bank fined 7 million euros over Assad family money
Deutsche Bank AG has been forced to pay seven million euros in a settlement following an investigation by German prosecutors into whether it laundered money for relatives of Syrian dictator Bashar al-Assad. The leading investment bank agreed to pay 7.01 million euros ($7.1 million) and accept a penalty notice after prosecutors found that it had failed to file 701 reports of suspicious activity, Bloomberg reported. The bank acted “thoughtlessly” according to the prosecutors. Last April, the prosecutors had raided Deutsche Bank AG’s headquarters in Frankfurt. Relatives of Syrian President Bashar al-Assad, including his notorious uncle Rifaat, are believed to have mad

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