Deutsche bank offices are searched in money laundering operation
Source: New York Times
One hundred seventy officers searched the headquarters of Deutsche Bank in Frankfurt and five other sites in the area early Thursday as part of a money-laundering investigation involving hundreds of millions of euros, prosecutors in Frankfurt said.
Two employees, who were not publicly identified but whose ages were given as 50 and 46, and other unidentified people in positions of authority are suspected of failing to report possible money laundering for transactions worth 311 million euros, or more than $350 million.
The money flowed to organizations in the British Virgin Islands before spring 2016, prosecutors said in an emailed statement.
Read more: https://www.nytimes.com/2018/11/29/business/deutsche-bank-money-laundering-raid.html?smprod=nytcore-ipad&smid=nytcore-ipad-share
nitpicker
(7,153 posts)(snip)
According to prosecutors, Deutsche Bank is suspected of helping some 900 customers setup offshore shell companies in tax havens to "transfer money from criminal activities." They said some 311 million ($354 million) is believed to have been laundered, citing information gleaned from the so-called "Panama Papers."
(snip)
spinbaby
(15,073 posts)Funny how all this corruption is linked.
BumRushDaShow
(127,304 posts)Wow. That's a lot of folks swarming through gathering info!
Eugene
(61,593 posts)BumRushDaShow
(127,304 posts)and I expect those towers in your pic are not all "bank" operations as there are apparently conference rooms in there (available for booking), a lot of open space inside, and less than 3000 who actually work in there.
LakeSuperiorView
(1,533 posts)In a surprise raid? Or that less than 2 agents per floor is sufficient?
Botany
(70,291 posts)BTW what about Hillary's emails?
Racerdog1
(808 posts)Yeah, they are ones most commonly linked to the orange asshole and his corrupt dealings.
dbackjon
(6,578 posts)blaze
(6,270 posts)Julian Englis
(2,309 posts)lagomorph777
(30,613 posts)ffr
(22,647 posts)This won't be good for the GOP and the RNC.