Deutsche Bank money laundering probe

Deutsche Bank’s Frankfurt headquarters has been raided by German police as part of a money laundering probe linked to the Panama Papers.

Investigators are looking into the activities of two Deutsche Bank staff members who are alleged to have helped clients set up offshore firms to launder money, the prosecutor’s office said.

Around 170 police officers, prosecutors and tax inspectors searched six Deutsche offices in and around Frankfurt, and several documents were seized. The investigation is ongoing. More info, click here