Germany’s market regulator on Friday signaled Deutsche Bank still has more to do concerning previously ordered improvements to its anti-money laundering (AML) compliance controls.

BaFin announced it has “expanded the mandate” of a monitor it placed at Deutsche Bank nearly three years ago. In September 2018, BaFin ordered the bank to “take appropriate internal safeguards and comply with general due diligence obligations” under the German Money Laundering Act (Geldwäschegesetz). The regulator took the extra step of assigning KPMG as a monitor to oversee the bank.

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Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...