Germany says FinCEN money laundering revelations are not new

Representative image/Credit: AFP Photo

Germany's finance ministry said on Monday that a slew of news reports about money laundering among global banks including Deutsche Bank did not appear to contain revelations which were unknown.

"To the best of our knowledge, the cases with a German connection have been dealt with and the necessary consequences have been drawn," a spokeswoman said.

German regulator BaFin is a unit of Germany's Finance Ministry.

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