Deutsche Bank taps US general counsel to lead white collar crime unit
Deutsche Bank has come under scrutiny over money laundering failures (Getty Images)
Deutsche Bank has tapped its US general counsel to become global head of anti-financial crime and group anti-money laundering officer, the lender said today.
In a memo to employees seen by Reuters, the German banking giant said Joe Salama would head up its efforts to crack down on white collar crime.
Deutsche Bank has come under scrutiny from numerous regulatory and legal investigations over the past decade.
It has been forced to pay a string of major fines for money laundering lapses, including for its links to the Danske Bank scandal and its operations in Russia.
Deutsche Bank bestimmt Joe Salama zum neuen Geldwäsche-Bekämpfer handelsblatt.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from handelsblatt.com Daily Mail and Mail on Sunday newspapers.
Deutsche Bank Gets Top Rating for Progressive Human Rights Record
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The global mega-bank has continued to impress with recent honors from HRC and the Safe Haven Award
It’s all in a day’s work for Deutsche Bank, trying to make the world a better place. But once in awhile it’s nice to get acknowledged and recently the Human Rights Campaign Corporate Equality Index have the organization another perfect score of 100. The honor is DB’s 11th in as many years and it’s thanks to its progressive policies for LGBTQ employees.
“While it is an honor to once again be recognized by the Human Rights Campaign, I am even more proud of what this means to our employees,” said Jacques Brand, Chief Executive Officer of North America and Member of the Group Executive Committee. “Our workplace culture is defined by equality, inclusivity, and diverse teams – all which create an open environment where everyone can be their authentic selves.”