FRANKFURT: German federal police searched Deutsche Bank offices in Frankfurt and Berlin on Wednesday in an investigation related to money laundering, Frankfurt prosecutors said.
Money laundering lapses have cropped up at Germany’s largest lender over the years, prompting scrutiny from regulators, fines and police raids.
Prosecutors said they were investigating as-yet unidentified individuals and bank employees.
“In the past, Deutsche Bank maintained business relationships with foreign companies which, in the course of further investigations, are themselves suspected of having been used for money laundering purposes,” prosecutors said in an emailed statement.
Deutsche Bank confirmed the searches, but declined further comment.
