Financial watchdog orders Deutsche Bank to step up money laundering controls
Source: Reuters
FRANKFURT, Nov 4 (Reuters) - German finance watchdog BaFin has told Deutsche Bank (DBKGn.DE) to take specific measures to improve efforts to prevent money laundering and terrorism financing or face fines, the latest rebuke in regulatory proceedings against the bank that started in 2018.BaFin said in a brief statement on its website late on Friday it had ordered the bank on Sept. 28 to take specific measures or…