World Bulletin/News Desk
The U.S. Justice Department and the Manhattan District Attorney's office are investigating the banks for allegedly using U.S. branches to move billions of dollars in Iran-linked transactions, according to the New York Times report, citing unnamed law enforcement officials.
The investigation into Deutsche Bank is at an early stage and so far there is no suspicion the Germany-based institution moved money on behalf of Iranian clients through American operations after 2008, when a policy loophole allowing such maneuvering closed, the Times reported.
Deutsche Bank decided in 2007 it would "not engage in new business with counterparties in countries such as Iran, Syria, Sudan and North Korea and to exit existing business to the extent legally possible," a spokesman told Reuters on Saturday. He declined to comment further.
The Manhattan District Attorney's office and U.S. Justice Department declined to comment. The U.S. Treasury Department did not immediately respond to a request for comment.
The report of the Deutsche Bank probe came days after a settlement for $340 million with New York's banking regulator and Britain's Standard Chartered Plc. The Manhattan District Attorney and federal authorities have not yet settled their probes of the bank.
That deal with New York Superintendent of Financial Services Benjamin Lawsky was done without agreement with the Manhattan District Attorney's office and federal authorities.
Reuters has learned that Lawsky ignored the entreaties of federal regulators to drop his own action in favor of a single, global settlement. Although winning a larger settlement than many thought possible, others say Lawsky's tactics have alienated federal officials and could make it tougher for him to partner with them on future cases.
Since 2009 the Manhattan District Attorney, Treasury Department, Justice Department and other agencies have entered into settlements with a handful of foreign banks including Credit Suisse, Lloyds and most recently ING , totaling roughly $1.8 billion.
Authorities have said in the past other foreign banks are under investigation.
Arrest came after they held news conference to protest continued incarceration of party leader Hakainde Hichilema
Protest leader ‘arrested, severely beaten’, two high-profile human rights groups assert
International investigation could uncover truth about horrific violence in the Kasai region, says Human Rights Watch
There is renewed hope in European project, European Council President Donald Tusk says
Government pledges unhindered access by foreign reporters after pressure from national dialogue committee, says journalist
When George W. Bush was president, Mueller and Comey worked together -- Mueller as FBI director and Comey as deputy attorney general.
A council resolution called on the UN rights office to dispatch a team of international experts to help Kinshasa investigate gross rights violations in the region, including extrajudicial killings, torture, rape and the use of child soldiers.
"My first impression is the UK offer is below our expectations and this risks worsening the situation of our citizens in the UK," EU President Donald Tusk told a news conference after the second day of a Brussels summit.
"This June 23, the United Nations mission in Colombia will announce that the FARC has handed over 100 percent of its weapons," Santos told an economic forum in Paris.
Macron is seeking to change a two-decade old EU rule aimed at allowing firms to hire workers with specialised skills from other member states on a temporary basis -- one Paris critics say price French workers out of jobs.
Merkel's deputy spokeswoman Ulrike Demmer told reporters Friday that the Berlin meeting would bring together British Prime Minister Theresa May and French President Emmanuel Macron as well as the leaders of Italy, Spain, the Netherlands and Norway.
Argentinian football star Lionel Messi agrees to pay €252,000 ($281,000) fine instead of serving 21-month prison sentence
Maarif Foundation officials reassures parents fearful of closures, saying the group will provide continuity of supervision
Foundation in memory of British lawmaker murdered by far-right extremist backs tech giant's campaign
Remarks by Quebec premier not helpful, Muslim council president says
Principles ‘indispensable’ to ‘promoting sustainable stability and security in our societies’, ambassador Koja says