HALISTER1: Deutsche Bank Examining Money-Laundering Control Lapses

Deutsche Bank Examining Money-Laundering Control Lapses

(Bloomberg) -- Deutsche Bank supervisory board examining any responsibility of mgmt board members in relation with money-laundering control lapses identified by U.K.’s FCA, Chairman Paul Achleitner says at AGM in Frankfurt on Thursday.
  • Co. told FCA that it was aware of “grave nature” of findings and that it would give resolution a high priority
  • Co. addressed findings by merging processes and programs under global framework
  • NOTE: Deutsche Bank said to be faulted by FCA over lax client vetting
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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DBK GR (Deutsche Bank AG)

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Paul Achleitner (Deutsche Bank AG)

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