"Like others, Deutsche Bank claims to regret its actions. On February 9, the German news agency dpa quoted a company spokesperson as saying: "As repeatedly emphasized since 2020, the bank acknowledges its mistake in accepting Jeffrey Epstein as a client in 2013." So far, none of the bank's representatives have been accused of attending one of Epstein's notorious parties or visiting his private island."
"DW spoke about the case to philosopher Bernd Villhauer, a specialist in financial ethics at Germany's University of Tubingen. He said that he firmly believes that "banks have an obligation to monitor their business partners' circumstances," regardless of legal regulations and compliance guidelines. He argued that in this particular case, it would have been necessary "to be very careful about making contact with somebody such as Mr Epstein or to support his bus"
Jeffrey Epstein managed a large portion of his assets through roughly 40 accounts at Deutsche Bank, linking the Frankfurt-based institution to his criminal activities. Deutsche Bank shares dropped after additional Epstein files were released and the US Justice Department said no further documents would be published. Epstein died in custody in August 2019, officially by suicide, while awaiting further charges. The scandal triggered resignations, investigations, and public apologies from bank leadership, with the bank acknowledging an error in accepting Epstein as a client in 2013. Ethics experts state banks must monitor business partners and avoid supporting dubious individuals.
Read at www.dw.com
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