In a message to Deutsche Bank staff regarding the Consent Order, the company’s CEO Christian Sewing said, “Today serves as a reminder of how vigilant we must remain. It not only marks the anniversary of our ‘Compete to Win’ strategy but also our settlement just announced with the New York Department of Financial Services (DFS), resolving investigations into our controls and processes in the fight against financial crime.”
Sewing said the settlement with DFS resolves three issues involving Danske Bank, the Federal Bank of the Middle East, and our former business relationship with Jeffrey Epstein. He added that it was a “critical mistake” taking Epstein as a client in 2013.
