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Deutsche Bank had limited need to know details of Danske transactions, executive says

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FILE PHOTO: The logo of Deutsche Bank is seen in front of one of the bank’s office buildings in Frankfurt, Germany, October 27, 2016. REUTERS/Kai Pfaffenbach/File Photo

FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) played a secondary role as a so-called correspondent bank to Danske Bank (DANSKE.CO), limiting the need to know about the people behind the transactions, the German lender’s regulation chief said on Wednesday.

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Chief Regulatory Officer Sylvie Matherat said that Deutsche Bank took action once it noticed suspicious transactions.

Reporting by Andreas Framke; Writing by Tom Sims; Editing by Thomas Seythal

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