Russell Boyce The German financial watchdog BaFin warned Deutsche Bank it must take action to prevent money laundering. The regulator has appointed KPMG as a special adviser to assess the bank’s progress over the next three years. In its latest annual report, released on Tuesday, the bank said that in 2015 and 2016, “significant progress” had been made towards addressing issues relating to anti-money-laundering controls but there were still risks of
The German financial watchdog BaFin warned Deutsche Bank it must take action to prevent money laundering. The regulator has appointed KPMG as a special adviser to assess the bank’s progress over the next three years. In its latest annual report, released on Tuesday, the bank said that in 2015 and 2016, “significant progress” had been made towards addressing issues relating to anti-money-laundering controls but there were still risks of