Deutsche Bank headquarters searched in money laundering investigation | Euronews

German police have searched the headquarters of Deutsche Bank in connection with a money-laundering probe.

The local prosecutor’s office in Frankfurt said it is “the first time” that a German bank has been involved in such an investigation.

“This is an investigative measure by the Frankfurt public prosecutor’s office in connection with suspicious activity reports filed by the bank,” it said in a statement on Friday.

“Deutsche Bank is fully cooperating with the authorities,” prosecutors added.

German media reported that the investigation is focused on whether Germany’s largest bank failed to alert authorities soon enough about suspicious transactions by one of its customers.

Source: Deutsche Bank headquarters searched in money laundering investigation | Euronews