Deutsche Bank report reveals shortcomings in its screening process, raises anti-money laundering concerns

REUTERS/Kai Pfaffenbach Deutsche Bank has uncovered shortcomings in its ability to fully identify clients and the source of their wealth. The bank was previously fined nearly $700 million for allowing money laundering. Sample tests of investment bank customer files from several countries, including Russia, revealed gaps in the bank's screening process. Deutsche Bank is under pressure after three consecutive years of losses, and it agreed to pay a $7.2 billion settlement with the US for its sale ...