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Deutsche searched in money laundering probe over Panama Papers
Source: Reuters
BUSINESS NEWS NOVEMBER 29, 2018 / 4:27 AM / UPDATED AN HOUR AGO
Deutsche searched in money laundering probe over Panama Papers
FRANKFURT (Reuters) - Around 170 police officers, prosecutors and tax inspectors searched six Deutsche Bank (DBKGn.DE) offices in and around Frankfurt on Thursday over money laundering allegations, the Frankfurt public prosecutor’s office said in a statement.
Investigators are looking into the activities of two Deutsche Bank staff members who are alleged to have helped clients set up off-shore firms to launder money, the prosecutor’s office said.
Written and electronic business documents were seized from Deutsche Bank and further investigations are ongoing, the prosecutor’s office also said.
Deutsche Bank confirmed the search of its offices and said it was fully cooperating with the authorities.
-snip-
Deutsche searched in money laundering probe over Panama Papers
FRANKFURT (Reuters) - Around 170 police officers, prosecutors and tax inspectors searched six Deutsche Bank (DBKGn.DE) offices in and around Frankfurt on Thursday over money laundering allegations, the Frankfurt public prosecutor’s office said in a statement.
Investigators are looking into the activities of two Deutsche Bank staff members who are alleged to have helped clients set up off-shore firms to launder money, the prosecutor’s office said.
Written and electronic business documents were seized from Deutsche Bank and further investigations are ongoing, the prosecutor’s office also said.
Deutsche Bank confirmed the search of its offices and said it was fully cooperating with the authorities.
-snip-
Read more: https://www.reuters.com/article/us-deutsche-bank-moneylaundering/deutsche-searched-in-money-laundering-probe-over-panama-papers-idUSKCN1NY0ZN