Deutsche Bank on Monday (US time) acknowledged a lapse in its money laundering controls, underlining the bank's continuing struggle to move beyond a series of scandals that have helped push its stock price to a record low.

An internal audit uncovered deficiencies in the way the bank processed checks on behalf of clients, Deutsche Bank said in a statement.

The audit, which examined the bank's operations in Britain, did not find any cases of money laundering or breaches of international sanctions that occurred because of the lapses, the bank said.

Deutsche Bank issued the statement after a report in The