dpa | In light of new revelations, the… Deutsche Bank their business relationship with the deceased Sex offender Jeffrey Epstein again described as an error. “As has been emphasized again and again since 2020, the bank recognizes its mistake in accepting Jeffrey Epstein as a customer in 2013,” said a spokesman for the financial institution in Frankfurt upon request.
According to Deutsche Bank, Epstein became a customer of the institute in August 2013, and in December 2018 the bank initiated the “process of terminating” the customer relationship.
The US multimillionaire Epstein ran an abuse ring from New York for years, to which many young women and minors fell victim. The convicted sex offender died in custody in 2019 at the age of 66, before any further sentencing could have taken place.
In documents from the Epstein files recently released by the US Department of Justice According to reports from several media outlets, there are indications that Epstein currently had more than 40 accounts at Deutsche Bank and stored a large part of his assets there.
Request for disclosure of the business relationship
Die Bild-Zeitung quoted the Vice President of the German Association for the Protection of Securities Holdings (DSW), the Frankfurt lawyer Klaus Nieding, on Saturday as demanding that Deutsche Bank disclose financial documents relating to the business relationship with Epstein: “The presentation of these documents and a clear and unsparing disclosure of the business relationship at the time is also clearly necessary before the bank’s in-person general meeting on May 28, 2026, in order to avoid reputational damage caused by the rumor mill.”
When asked, Deutsche Bank emphasized that immediately after Epstein’s arrest in July 2019, the institute contacted the responsible authorities and offered its full support in the investigation. “Deutsche Bank has examined the issue in consultation with the supervisory authorities and has systematically addressed the problems,” said the spokesman for the DAX group.
Since then, the bank has “invested substantially in training, controls and in improving its operational processes and has significantly strengthened its controls to combat financial crime.” The Deutsche Bank spokesman reiterated: “We deeply regret our business relationship with Epstein at the time. Deutsche Bank has learned from this mistake.”
In July 2020, Deutsche Bank boss Christian Sewing, who has been in office since April 2018, made a similar statement in a CNBC interview: The bank had “learned its lesson” and “of course personnel consequences were also drawn,” said Sewing in the interview on the US TV station.