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Deutsche Bank offices, including its Frankfurt headquarters, have been searched by prosecutors as part of a money laundering investigation.
Frankfurt prosecutors said on Wednesday that the searches were part of a probe into executives and employees of Deutsche Bank on suspicion of money laundering and related offences under Germany’s Money Laundering Act.
They said the bank had previously maintained business relationships with foreign companies that were suspected of having been used for money laundering purposes.
The operation, first reported by Der Spiegel, also involved a search of a site in Berlin by officers from Germany’s federal criminal police.
Deutsche Bank said it was co-operating fully with the public prosecutor’s office but declined to comment further.
The identities of any executives and employees involved in potential wrongdoing were not known, the prosecutors said.
This is a developing story