German Bank Raid Alleged Money Laundering

German Bank Raid Alleged Money Laundering

Investigators appear to have raided Deutsche Bank over a money‑laundering complaint. Beginning Wednesday morning, federal police, acting on behalf of the Frankfurt public prosecutor, searched the bank’s headquarters in Frankfurt am Main and a Berlin location. The prosecutor’s office says an investigation has been opened against now‑unknown Deutsche Bank officers and staff on suspicion of laundering money.
Deutsche Bank confirmed in a “Spiegel” interview that authorities are carrying out a measure at its sites. The bank stated it is fully cooperating with the authorities but declined to provide additional details.