Search Of Deutsche Bank In AML Probe Could Draw US Eyes
Law360 (November 29, 2018, 9:41 PM EST) -- The move by German police to raid Deutsche Bank AG's offices as part of a money laundering probe could lead to further scrutiny from U.S. authorities for both the bank and its correspondent banking partners, experts told Law360.
Scores of police and federal officials searched the German banking giant's Frankfurt headquarters and five other locations early Thursday, collecting paper and electronic documents in an investigation that stems from the 2016 leak of the Panama Papers, which revealed a network of professionals helping wealthy individuals around the globe conceal their riches.
Deutsche Bank, which said it's "cooperating fully" with the German investigation,...
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