In terms of increasing privacy issues, Federated Learning (FL) has received extensive attention in medical imaging. Through collaborative training, FL can produce superior diagnostic models with global knowledge, while preserving private data locally. In practice, medical diagnosis suffers from intra-/inter-observer variability, thus label noise is inevitable in dataset preparation. Different from existing studies on centralized datasets, the label noise problem in FL scenarios confronts more challenges, due to data inaccessibility and even noise heterogeneity. In this work, we propose a federated framework with joint Graph Purification (FedGP) to address the label noise in FL through server and clients collaboration. Specifically, to overcome the impact of label noise on local training, we first devise a noisy graph purification on the client side to generate reliable pseudo labels by progressively expanding the purified graph with topological knowledge. Then, we further propose a graph-guided negative ensemble loss to exploit the topology of the client-side purified graph with robust complementary supervision against label noise. Moreover, to address the FL label noise with data silos, we propose a global centroid aggregation on the server side to produce a robust classifier with global knowledge, which can be optimized collaboratively in the FL framework. Extensive experiments are conducted on endoscopic and pathological images with the comparison under the homogeneous, heterogeneous, and real-world label noise for medical FL. Among these diverse noisy FL settings, our FedGP framework significantly outperforms denoising and noisy FL state-of-the-arts by a large margin. The source code is available at https://github.com/CUHK-AIM-Group/FedGP.