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U.S.
DoJ officials have demanded information from Germany's biggest
lender about the transactions because they involved the use of
the dollar, the person said.
Deutsche Bank declined to comment. It had said in its
second-quarter financial report that it was investigating equity
trades by Deutsche Bank clients in London and Moscow that offset
one another, adding that the volume of these trades was
"significant".
The quarterly report also said Deutsche Bank had informed
financial regulators and law enforcement in Germany, Russia,
Britain and the United States of its investigation and had taken
disciplinary measures against some people in the case, which
came to light in early June.
Last month, The New York State Department of Financial Services
(DFS) sought detailed information from Deutsche on possible
money-laundering transactions by some of its clients in Russia
that could exceed $6 billion, a source familiar with the matter
told Reuters.
Bloomberg, citing people familiar with the matter, reported on
Monday that the DoJ is examining so-called mirror trades, where
Deutsche's Russian clients bought stocks in rubles, and through
simultaneous transactions in London, bought the same stocks in
U.S. dollars, thereby moving funds out of Russia without
informing authorities.
(Reporting by Kathrin Jones in Frankfurt and Ankush Sharma in
Bengaluru; writing by Jonathan Gould; editing by Andreas Framke
and Jason Neely)
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