Deutsche Bank Reports Reveal Gaps in Money-Laundering Controls

The bank found pass rate of zero percent in countries such as Russia, Ireland, Spain, Italy, South Africa

The headquarters of Deutsche Bank is pictured in Frankfurt, Germany, on March 19, 2018. Ralph Orlowski/Reuters

FRANKFURT—Deutsche Bank has uncovered shortcomings in its ability to fully identify clients and the source of their wealth, internal documents seen by Reuters show, more than a year after it was fined nearly $700 million for allowing money laundering.

In two confidential reviews, dated June 5 and July 9, Germany’s biggest lender detailed the results of tests on a sample of investment bank customer files in several countries, including Russia.