Regulator probes Deutsche Bank over money laundering controls

Wochit 0:47 mins

In BaFin's view, Deutsche Bank took too long to report some suspicious transactions to the police, possibly because the bank's internal alarm systems were not set up correctly, Welt am Sonntag reported, without citing its sources. The paper said BaFin is now looking at whether the problem is wider. Prime Minister Manmohan Singh said there is "no question" of India going back to an economic crisis experienced in 1991, as its rupee currency is now linked to the market and foreign exchange reserves are adequate. Asia's third largest economy is growing at its slowest pace in a decade, while the rupee, the region's worst performer this year, is at an all-time low.

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