The police came to search in the headquarters and offices of Deutsche Bank in the case of “Panama records”
In Frankfurt-on-main 170 police officers came to search six branches of Deutsche Bank in the case of money laundering. About it reports Reuters, citing the city Prosecutor’s office.
According to the Agency, police are seeking information about two Bank employees who allegedly helped clients register offshore companies for money laundering. The illegal funds were allegedly transferred to the accounts of the credit institution, but the Bank did not notify authorities. New York Times says that it could be about €311 million.
From the offices of the Bank seized paper and electronic documents, specifies Reuters. The names of the employees of Deutsche Bank are not disclosed.
The search was conducted on the basis of information obtained from so-called “Panama records” and the database of information about the offshore Offshore Leaks. On the background information about the searches the Bank’s shares fell more than 4%. .
In 2015, the Federal financial Supervisory authority Germany wrote Deutsche Bank fined €40 million for violation of the legislation on combating money laundering. In 2017, the credit organization has agreed to pay $630 million in the case of money laundering by its clients from Russia. .
Deutsche Bank is also a party to other cases of laundering of Finance. It Department of Danske Bank in Estonia is suspected of laundering €200 billion.