Police raid Deutsche Bank offices in money laundering probe
Police raided six Deutsche Bank offices, including the lender's Frankfurt headquarters, on Thursday as part of an ongoing money laundering investigation, The New York Times reports.
About 170 officers and officials took part in the raid, with authorities suspecting two employees in particular of helping wealthy clients set up off-shore accounts to illegally launder money from criminal activity, per BBC News.
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Deutsche Bank in September was hit with a $630 million fine as part of a similar investigation, per Reuters, and Germany's financial watchdog ordered the bank to do more to prevent money laundering.
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