Deutsche Bank finds a flaw in the system that scans for potential money laundering, and says it was 'configured erroneously'
FRANKFURT—Deutsche Bank AG has found a glitch in computer systems that retroactively scan corporate clients’ transactions for suspicious activity, the latest sign of trouble in the lender’s efforts to guard against potential money laundering by clients.
The glitch, which might have been in place for close to a decade, hampered a program that scans payments involving corporate clients after they pass through the bank so it can flag suspicious patterns to regulators, a person familiar with the matter said.
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