Police raid Deutsche Bank on money laundering investigation

The German public prosecutor claims that two staff members have helped customers clear money from criminal activities.

The morning of November 29th) numerous police cars were seen outside the building where the headquarters of Germany's largest bank takes place, the BBC writes.

Meanwhile, other Deutsche Bank offices were searched during an operation involving about 170 effective police and officials.

Prosecutors are investigating whether the Deutsche bank staff helped customers open offline accounts for “converting money from criminal activities”.

The investigation began after the discovery of “Panama Papers 2016, a large amount of information stemming from one of the most secret companies in the world, a Panama legal firm called Moscow Fonseca.