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Markets News

Commerzbank says has improved money laundering controls

FRANKFURT, Sept 21 (Reuters) - German lender Commerzbank 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)

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