Despite the confusion, Deutsche sent two wires around 3 p.m., one of $300 million to the joint venture’s new account at J.P. Morgan (Suisse) and another of $700 million to the mysterious account at Coutts in Zurich. As it was a dollar transaction, the money needed to pass through a U.S. bank. Under American anti-money-laundering laws, these correspondent banks are obliged to check the source and use of funds.
