As of: 29.11.2018 10:39

The Frankfurt Public Prosecutor's Office and the Federal Criminal Investigation Department are searching Deutsche Bank's business premises in the Frankfurt area. The prosecution is investigating suspicions of money laundering.

The German bank is judged suspended from money laundering. In the morning, about 170 officials from the Frankfurt Public Prosecutor's Office, the Federal Criminal Police, the Tax Investigation Service and the Federal Police raided six properties in Frankfurt, Eschborn and Groß-Umstadt.

Offshore leak investigation

According to the survey, the investigations are directed against two employees aged 50 and 46, as well as other unidentified people responsible for the company. According to an badessment of the data available at the Federal Office of Criminal Police concerning "Offshore Leaks" and "PanamaPapers", the suspicion was to make Deutsche Bank believe that it was helping its clients to create offshore companies in tax havens and to collect funds for offenses on Deutsche Bank accounts without the Bank reimbursing suspicious transaction reports

In 2016, more than 900 customers representing a business volume of 311 million euros would have been supported by a group company based in the British Virgin Islands. There is no opinion of Deutsche Bank until now.

In the beginning