Deutsche Bank (DBK.DE) has agreed to pay $150m (119m) over compliance failings in part linked to dealings with Jeffrey Epstein. New York's Department of Financial Services said in a statement on Tuesday it had imposed the penalty on Deutsche Bank's New York branch for "significant compliance failures in connection with the Bank's relationship with Jeffrey Epstein," the accused child sex trafficker who died in police custody last year. The penalty also covers anti-money laundering failings linked to Danske Bank Estonia and Middle Eastern bank FBME. Epstein, who is believed to have been a billionaire, became a client of Deutsche Bank's in 2013, five years after he pleaded guilty to procuring for prostitution a girl below age 18 in Florida. Despite coverage of the settlement and subsequent allegations against Epstein, investigators found Deutsche Bank failed to properly monitor his account. "Hundreds of transactions totalling millions of dollars" that raised red flags were missed, the New York Department of Financial Services said. These included payments to Epstein's alleged co-conspirators, settlement payments with victims totalling $7m, payments to Russian models, payments for women's school tuition and expenses, and payments to "numerous women with Eastern European surnames" that were "consistent with public allegations of prior wrongdoing." Repeated "suspicious" cash withdrawals by Epstein - totally over $800,000 over four years - also failed to raise concerns.