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Foreign news: Deutsche Bank fails on anti-money laundering controls

03 May 2016 4:06PM
The UK Financial Conduct Authority has found that Deutsche Bank has "serious" and "systemic" failings in its controls against money laundering and terrorist financing, CNBC reports. The FCA reviewed the bank last year and found a number of shortcomings, including missing documents, a lack of transaction monitoring and evidence of pressure on staff to accept certain clients. The FCA has ordered a further independent review.

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