German police searched Deutsche Financial institution workplaces in Frankfurt and in Berlin on Wednesday morning, as a part of an investigation into cash laundering.
Shares within the German lender have been final seen down about 2.7% following information of the probe, which was first reported by Spiegel.
“We affirm Frankfurt prosecutors are at the moment conducting an investigation at Deutsche Financial institution’s enterprise premises,” the financial institution stated in an announcement.
“We’re cooperating absolutely with prosecutor’s workplace. We can’t remark additional on this matter.”
Deutsche Financial institution.
The investigation comes a day earlier than the German lender is because of publish its fourth quarter and year-end earnings report.
In 2022, German legislation enforcement searched Deutsche Financial institution’s Frankfurt workplaces as a part of an earlier cash laundering probe. In Might that 12 months, the German financial institution and its DWS subsidiary have been investigated concerning allegations of greenwashing on the latter.
In 2018, Deutsche Financial institution was inspected by 170 legislation enforcement officers as a part of a tax evasion probe into two workers.
The investigation — which stemmed from the 2016 so-called “Panama papers” leak — was later dropped, with the lender fined over compliance shortcomings.
