--Deutsche Bank AG (DB, DBK.XE) documents and records given to U.S. Congressional investigators show possible failures of the German bank's money-laundering controls, Reuters reported Friday, citing three people familiar with the matter.

--The records show Deutsche Bank staff expressed concerns about Russian clients and transactions which managers ignored, the report said, citing two of the people.

--The House of Representatives Financial Services Committee declined to comment, the report said.

--A spokesman for Deutsche Bank said it couldn't comment on work of the congressional committee, but added the bank is committed to cooperating with investigators, the report said.

 

Full story: https://www.reuters.com/article/us-deutschebank-investigation-russia-exc/exclusive-u-s-congressional-probe-finds-possible-lapses-in-deutsche-bank-controls-sources-idUSKCN1VR0PX

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

September 06, 2019 15:11 ET (19:11 GMT)

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