Deutsche Bank Offices Raided by Police in Money-Laundering Probe Linked to Panama Papers

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FRANKFURT—About 170 police officers, prosecutors, and tax inspectors searched six Deutsche Bank offices in and around Frankfurt on Nov. 29 over money-laundering allegations, the Frankfurt public prosecutor’s office said in a statement.

Investigators are looking into the activities of two Deutsche Bank staff members who are alleged to have helped clients set up off-shore firms to launder money, the prosecutor’s office said.