Markets

Commerzbank says has improved money laundering controls

Contributor
Tom Sims Reuters
Published
Credit: REUTERS/RALPH ORLOWSKI

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

FRANKFURT, Sept 21 (Reuters) - German lender Commerzbank CBKG.DE 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.

(Reporting by Tom Sims; editing by Thomas Seythal)

((Tom.Sims@thomsonreuters.com; +49 30 220 133 645;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

See more videos

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More

Explore Markets

Explore

Most Popular