Equities

Reuters reveals Deutsche Bank reports show chinks in money laundering armor

Reuters reveals Deutsche Bank reports show chinks in money laundering armor

Reuters exclusively reported significant shortcomings at Deutsche Bank when it conducted internal tests of how well it knew its customers and the source of their wealth. Two confidential reviews showed that tests to reduce the risk of money laundering fell short of the bank’s own targets, despite it having to pay hefty fines in the past for allowing the practice.