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0 0 -0.00179211469534046 -0.00179211469534046 0.00179211469534046 -0.114695340501792 0.0107526881720431 0.00627240143369178
Stock impact report

Deutsche Bank self-reports potential Russian sanctions breach [Yahoo! Finance]

Lloyds Banking Group Plc American Depositary Shares (LYG) 
US:NYSE Investor Relations: lloydsbankinggroup.com/investors
Company Research Source: Yahoo! Finance
The German bank identified instances in its retail division where deposits above €100,000 ($117,598) were received from people covered by EU sanctions restrictions. The cases emerged after Deutsche set up a task force to review its internal controls following changes to Germany's sanctions enforcement framework in February. Those changes, stemming from an EU directive, brought in tougher criminal penalties, faster enforcement and the removal of grace periods, increasing pressure on banks to identify and stop potentially banned transactions more quickly. Under EU sanctions rules, banks are barred from taking deposits above €100,000 from Russian nationals, residents or businesses set up in Russia. German outlet Finanz-Szene first reported the matter. In response, the bank said: “Deutsche Bank continuously reviews its processes related to sanctions compliance as part of the ordinary course of business. Whenever we identify potential issues, we put in place appropriate measures Show less Read more
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