Deutsche Bank headquarters raided over money laundering

[mfcorey1]

https://www.bbc.com/news/business-46382722

Germany's public prosecutor alleged that two staff members have helped clients launder money from criminal activities.

Police cars were seen outside the tower blocks that house the headquarters of Germany's biggest bank.

Other Deutsche offices in the city were searched in an operation involving about 170 police and officials.

Prosecutors are looking into whether Deutsche Bank staff helped clients set up offshore accounts to "transfer money from criminal activities".

In 2016 alone, more than 900 customers were served by a Deutsche Bank subsidiary registered in the British Virgin Islands, generating a volume of €311m, the prosecutors allege.

The investigation was sparked by revelations in the 2016 "Panama Papers" - an enormous amount of information leaked from a Panamanian law firm called Mossack Fonseca.

Other banks have been fined as a result of information contained in the Panama Papers.

Deutsche shares fell 3% after news of the raid emerged. The bank confirmed that police had raided several locations in Germany and that it was co-operating fully with the probe.

[Squinch]

1. The bank of the unindicted co-conspirator occupying the White House!

[dixiegrrrrl]

2. I have lost count of how many times that bank has been has been fined for $$ laundering

And they keep right on doing it.

[redstatebluegirl]

3. Wasn't a former Supreme Court Justice's son involved with Deutsche Bank too?

[dembotoz]

4. yeppers what would be wonderful is if the son got dragged down too

[Ponietz]

5. Justin Kennedy

Global head of real estate-capital markets division of Deutsche Bank.
Imagine the angst of these shite flies!

[link:https://www.businessinsider.com/anthony-kennedy-son-loaned-president-trump-over-a-billion-dollars-2018-6|