On October 13, 2020, Deutsche Bank announced the end of a criminal investigation, related to allegations that it aided and abetted money laundering transactions that it handled as a correspondent bank for Danske Bank Estonia. Deutsche Bank ended its relationship as a correspondent bank with Danske Bank Estonia in October of 2015. Prosecutors decided to close the investigation because there was insufficient evidence that a violation occurred under Section 170 (2) of the German Code of Criminal Procedure. However, Deutsche Bank was fined € 13.5 million ($15.9 million) for a separate incident related to its failure to submit Suspicious Activity Reports in a timely matter between 2010 and 2015.
In July 2020, the New York State Department of Financial Services imposed a fine of $150 million on Deutsche Bank in connection with the bank’s handling of accounts for Jeffrey Epstein, and AML failings related to correspondent relationships with Danske Bank Estonia and FBME Bank.