Legal Business

‘A reaction’: Deutsche Bank to establish new EMEA anti-fraud, bribery and corruption team

After being hit by a number of recent financial crime and anti-money laundering scandals, Deutsche Bank moved to establish a new anti-fraud, bribery and corruption team for the EMEA region last month.

The bank is looking to fill 400 positions this year globally in anti-financial crime and is recruiting for a new team in Europe to be led by regional head of anti-financial crime, Thomas Altenbach. The team will sit outside of the legal function, with four new recruits: one hire at director level and three other individuals with experience in anti-fraud, bribery and corruption matters. Deutsche Bank anti-fraud teams have historically comprised both legal and compliance professionals.