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NEWS: BaFin gives Deutsche Bank new deadlines to remedy AML controls; lender reports ‘significant progress’

October 9, 2026

Deutsche Bank logo is seen in this illustration taken December 3, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

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ANALYSIS: FATF’s Thomson says “worse is yet to come” on fraud. Will the EU get the message?

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By AML Intelligence Correspondent

GERMANY’s financial watchdog BaFin said today (Friday) it had set new deadlines for Deutsche Bank to remedy previously known deficiencies in data-processing systems used to monitor transactions for money laundering and terrorist financing.

BaFin had already given Germany’s largest lender a timeframe to fix shortcomings in 2021 and 2023, but said on Friday that “changes in technical requirements necessitated new deadlines”.

Deutsche Bank said it was committed to complying with the order.

“Significant progress has already been achieved with a substantial portion of the agreed measures,” the bank said.

Over the years, Deutsche Bank has worked to tighten its controls after authorities fined it and searched its offices over a series of money laundering lapses.

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BREAKING: Monaco, Bulgaria, Côte d’Ivoire and DRC exit FATF grey list

 Premium

ANALYSIS: FATF’s Thomson says “worse is yet to come” on fraud. Will the EU get the message?

EXPLAINER: Gone in 20 minutes: How the biggest heist in crypto history unfolded

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