Deutsche Bank raided over Panama Papers link
Deutsche Bank headquarters in Frankfurt
(CNS): German law enforcement officials have raided the Frankfurt headquarters of Deutsche Bank in a money laundering investigation connected to the notorious Panama Papers. German prosecutors allege that two staff members at the bank helped clients launder money from criminal activities using offshore accounts in the British Virgin Islands. During raids of a number of Deutsche Bank offices across the city, which were confirmed in a statement from the bank, officials seized paperwork and electronic documents.
“We confirm that the police are currently conducting an investigation at a number of our offices in Germany,” the bank said in a short statement posted to its website. “The investigation relates to the Panama Papers. We will be issuing further details in due course. We are cooperating fully with the authorities.”
The bank later added the following comment: “As far as we are concerned, we have already provided the authorities with all the relevant information regarding Panama Papers. Of course, we will cooperate closely with the public prosecutor’s office in Frankfurt, as it is in our interest as well to clarify the facts. In recent years, we have proven that we fully cooperate with the authorities — and we will continue to do so.”
Deutsche Bank retains an office in the Cayman Islands, which employs around 30 people, but there is no indication at this point that this investigation has any connection to those offices.
Category: Banking & money, Business, Crime, Europe, World News
This is part of the Mueller investigations in the US.
calm down plebs, one or two ‘fines’ that will be equivalent to maybe 5% of the total money they earned doing shady business will be splashed across the news board and everyone will go back to grazing in the field.
Do you get paid if you whistleblow? Who to whistleblow to? I know plenty.
Try the Justice Department in Washington D.C. They would be very interested especially if it relates to Russian financial involvement.
There’s lots of that on this island.
DB is shutting down its business in Cayman, most of it has already been sold to Butterfield. I would be surprised if there are more than five people left there now rather the thirty mentioned in the article.
You tax evading,money laundering,white collard thieves gonna get what’s coming for you sooner or later?#tictoc
very true. the great christian money laundering society of cayman is in for a rude awakening.
Never mind the Germans where has the CIFA money gone. Will it be permanently swept under the carpet or rather, under the artificial grass pitch?
Do you really think this Government really wants an effective Financial regulatory authority. That’s why CIMA, FRA and the RCIPS are so ineffective, underfunded, idiots appointed to lead, blocked or side tracked at every opportunity
First world private financial sector with plenty of dodgy money as we all know.
Banana Republic Government enforcement
Is there a way to report to CIMA as a lay person? If so, how? Can we get compensated for it? Because if that ever gets public, whistleblowers will never be able to work in the Cayman Islands or maybe financial services ever again.
CIMA allowed HSBC to get away by donating $100,000 to Cayman Scouts Association. They paid $1 billion fine to US government for crimes committed in Cayman. Shame on CIMA !!!!!!!!!!!!!!!
Let’s hope that there are no links with Deutsche Bank, Russian oligarch money and Caymanian financial or legal institutions. We don’t need the bad international press.
That would be the least of the shame for the Cayman Islands right now.
nothing to be afraid of…we only offer ‘financial services’.
6:54 You obviously don’t know about the half dozen international offshore legal firms based in Cayman.
It is not the “international” firms one should be looking at.
It is the international firms as it was law firm Appleby that was front and center with the Paradise Papers.
And this is just the beginning. I sense a serious s*** storm brewing up here.
4 : 26 pm , agreed and keep your eyes open for the black suite guys soon come .
Bunch of white-collar crooks!
They need to come here and raid the banks as well cause there’s a lot of cocaine sniffing,tax evading criminals on this island!..
From your lips to law enforcements ears
If you have information you should come forward.
“Trump’s long and winding history with Deutsche Bank could now be at the center of Robert Mueller’s investigation.”
https://www.commondreams.org/news/2018/11/29/one-financial-institution-stuck-trump-deutsche-bank-headquarters-raided-germany
Is that you Hillary!? You’ll never be president, get over it!!
Me thinks you are on to something
Still whining about Crooked Hillary? Laughable!