It is based on an allegedly late filing of a suspicious activity report,” a spokesperson for Deutsche Bank told Fortune. Deutsche Bank has been trying to overcome a long history of compliance failures and regulatory scandals. Deutsche Bank considers all such claims to be entirely without merit and will defend itself against them robustly,” a Deutsche Bank spokesperson said, emphasizing that Sewing was not named in the latest London legal filing. David Zaring, a business ethics and law professor at Wharton, said Wednesday’s raid makes him wonder if Deutsche Bank will ever get out from under its past. Deutsche Bank allegedly facilitated approximately $627 million in so-called “mirror trades” through Danske Bank in Lithuania—part of what became Europe’s largest money laundering scandal.