FRANKFURT, Germany — German authorities executed coordinated searches at Deutsche Bank offices on Wednesday as part of an extensive money laundering investigation targeting Germany’s largest financial institution. The operation, conducted by Frankfurt prosecutors, focused on unidentified bank employees and previous business relationships with foreign entities suspected of facilitating illicit financial activities.
The law enforcement action spanned multiple locations, including the bank’s Frankfurt headquarters and additional premises in Berlin. Prosecutors indicated the investigation centers on transactions potentially designed to conceal the origin of funds through the banking system, though specific details regarding the scale and nature of these transactions remain undisclosed.
Deutsche Bank confirmed the presence of investigators in an official statement, emphasizing their full cooperation with authorities while declining further commentary on the ongoing probe. The timing of the raid proves particularly significant, occurring just one day before the bank’s scheduled release of its 2025 earnings report.
This investigation continues a pattern of regulatory challenges for Deutsche Bank, which has faced substantial penalties in recent years. In 2018, New York regulators imposed a $205 million fine for foreign exchange market manipulation. The previous year saw dual penalties: $41 million from the Federal Reserve for anti-money laundering control failures, and a massive $629 million settlement with New York and British regulators for control lapses that enabled wealthy Russian clients to launder approximately $10 billion through the institution.