Jan. 28 (UPI) -- German police raided Deutsche Bank locations in Frankfurt and Berlin on Wednesday over an investigation into money laundering.
Deutsche Bank said in a statement that it is cooperating with law enforcement on the investigation.
"We confirm Frankfurt prosecutors are currently conducting an investigation at Deutsche Bank's business premises," the statement said. "We are cooperating fully with [the] prosecutor's office. We cannot comment further on this matter."
The prosecutors say the probe is related to executives and employees of Deutsche Bank who are suspected of being involved in money laundering. Prosecutors also say Deutsche Bank has maintained relationships with foreign companies that were suspected to be part of a money laundering scheme.
Suspects in the investigation have not been named.
