09:09 AM EST, 11/29/2024 (MT Newswires) -- German banking regulator BaFin has removed a monitor it has placed at Deutsche Bank ( DB ) to oversee money-laundering controls, the Welt newspaper reported Thursday, citing financial sources.

The newspaper cited unnamed sources.

The regulator has been in place since 2018, Reuters reported. Earlier this year BaFin extended his mandate until October, while threatening to penalize the bank if it didn't improve transaction controls, Reuters reported.

Deutsche Bank ( DB ) and BaFin did not immediately reply to MT Newswires' requests for comment.

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