to you know change the debate in germany currently holds the rotating presidency of the financial action task force which is in fact one of the leading multilateral institutions trying to get this problem under control but some critics say that germany itself is too lax when it comes to illicit transactions is that right. yes i think unfortunately this latest findings all phosphate and others have proven that germany is too lax i mean deutsche bank plays a very prominent role in in money laundering according to these i think off the 2 trillion $1.01 about half west somehow gone through dutch about at some point i mean so it was one of the biggest players in this and it's germany's biggest bank germany's old one of germany's oldest and biggest banks so surely that shows that japanese has been too lax let's dive deeper in the role of a bank that in fact once was the titan of germany's financial sector. has been the topic of prior reports of dubious dealings. from the flagship of german business to a scandal group deutsche bank rather than success stories dark businesses keep coming to light one of th

to you know change the debate in germany currently holds the rotating presidency of the financial action task force which is in fact one of the leading multilateral institutions trying to get this problem under control but some critics say that germany itself is too lax when it comes to illicit transactions is that right. yes i think unfortunately this latest findings of phosphate and others have proven that germany is too lax i mean deutsche bank place a very prominent role in in money laundering according to these i think off the 2 trillion $1.01 about half west somehow gone through dacha bank at some point i mean so it was one of the biggest players in this and it's germany's biggest bank germany's old one of germany's oldest and biggest banks so surely that shows that germany has been too lax let's dive deeper in the role of a bank that in fact once was the titan of germany's financial sector. has been the topic of prior reports of dubious dealings. from the flagship of german business to a scandal group deutsche bank rather than success stories dark businesses keep coming to light one of the b

to you know change the debate in germany currently holds the rotating presidency of the financial action task force which is in fact one of the leading multilateral institutions trying to get this problem under control but some critics say that germany itself is too lax when it comes to illicit transactions is that right. yes i think unfortunately this latest findings of phosphate and others have proven that germany. he is too lax i mean deutsche bank plays a very prominent role in laundering according to these i think off the 2 trillion $1.01 about half west somehow gone through dacha bank at some point i mean it was one of the biggest players in this and it's germany's biggest bank germany's old one of germany's oldest and biggest banks so surely that shows that germany has been too lax let's dive deeper in the role of a bank that in fact once was the titan of germany's financial sector. has been the topic of prior reports of dubious doings. from the flagship of german business to a scandal group. rather than success stories dark businesses keep coming to light one of the biggest scandals banks r

to you know change the debate in germany currently holds the rotating presidency of the financial action task force which is in fact one of the leading multilateral institutions trying to get this problem under control but some critics say that germany itself is too lax when it comes to illicit transactions is that right. yes i think unfortunately this did the latest findings of phosphate and others have proven that germany is too lax i mean deutsche bank plays a very prominent role in doing according to these i think off the 2 trillion $1.01 about half west somehow gone through dacha bank at some point i mean so it was one of the biggest players in this and it's germany's biggest bank germany's old one of germany's oldest and biggest banks so surely that shows that japanese has been too lax let's dive deeper in the role of a bank that in fact once was the titan of germany's financial sector. has been the topic of prior reports of dubious dealings. from the flagship of german business to a scandal group dortch a bank rather than success stories dark businesses keep coming to light one of the bigges

to you know change the debate in germany currently holds the rotating presidency of the financial action task force which is in fact one of the leading multilateral institutions trying to get this problem under control but some critics say that germany itself is too lax when it comes to illicit transactions is that right. yes i think unfortunately this latest findings all phosphate and others have proven that germany is too lax i mean deutsche bank plays a very prominent role in in money laundering according to these i think off the 2 trillion $1.01 about half west somehow have gone through dodgy bank at some point i mean so it was one of the biggest players in this and it's germany's biggest bank germany's old one of germany's oldest and biggest banks so surely that shows that japanese has been too lax let's dive deeper in the role of a bank that in fact once was the titan of germany's financial sector. has been the topic of prior reports of dubious dealings. from the flagship of german business to a scandal group of bank rather than success stories dark businesses keep coming to light one of the

the banks started to look much more closely at risk and there was the formation of the financial action task force which is the global body responsible for providing the definition so perhaps for steering banks into how to manage those risks the market for data grew to include agencies and institutions in every sector particularly after the september 11th attacks in new york called the world trade center in 2001 . the remit of those databases widened significantly. in the apology because it forced the united states particularly to focus much more on funding of terrorism. it was an area that although had previously been vegetative for let me us they probably weren't as robust as maybe here in europe where the e.u. the european union had already instituted some strict rules the u.s. after not having passed i think of the country intact and it's specific he caused greater focus on the funding of terrorism as much as money laundering and organized crime search changed the landscape definitively. david led pan declined to be interviewed partly because in 2011 will check was acquired by thomson reuters