Stock Stock market

Commerzbank says has improved money laundering controls

German lender Commerzbank (DE:CBKG) said on Monday that it had strengthened its money laundering controls and reduced its international correspondence banking business.

FRANKFURT (Reuters) – German lender Commerzbank (DE:CBKG) said on Monday that it had strengthened its money laundering controls and reduced its international correspondence banking business.

The bank was reacting to a report by Buzzfeed that Commerzbank, along with other global banks, had moved allegedly illicit funds despite red flags.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s