Deutsche Bank senior managers face potential prosecution, and the bank is facing "significant disciplinary action" from UK and US regulators over its role in a vast money laundering scheme that has been dubbed the "global laundromat", reports The Guardian. Russian criminals with links to the Kremlin and the KGB/FSB used shell companies, mostly in the UK, to move up to US$80 billion into the western financial system between 2010 and 2014. The shell companies "loaned" each other money before defaulting on the fictitious debts. The debts were authenticated by corrupt Moldovan judges, with billions then transferred via a Latvian bank then laundered through Deutsche.