Raid at Germany's Deutsche Bank over money-laundering probe

German authorities have launched a raid at Deutsche Bank premises in Frankfurt and Berlin over suspicions of money laundering, reported dpa.

The Frankfurt Public Prosecutor's Office said unnamed managers and employees are being targeted in Wednesday's raid, which comes one day before the country's largest bank presents its annual results for 2025.

The investigation is being conducted by the office's special unit for economic crime in cooperation with the Federal Criminal Police Office (BKA).

The probe is believed to be linked to the bank's previous business dealings with foreign companies that are themselves suspected of money laundering. The searches are intended to secure additional evidence.

"No further information can be provided regarding the background to the business relationships, the transactions carried out via Deutsche Bank AG and their scope, or the companies themselves," a spokesman for the public prosecutor's office explained.

A spokesman for Deutsche Bank confirmed the searches. "We confirm that the Frankfurt public prosecutor's office is currently conducting an investigation at Deutsche Bank's premises," the spokesman told dpa.

"The bank is cooperating fully with the public prosecutor's office," he added. "We ask for your understanding that we cannot comment further on this matter."

Deutsche Bank has been accused of failing to uncover and act against money laundering before. The bank's headquarters were raided in April 2022, while the national financial supervisory authority also assigned a special representative to monitor its progress in the fight against money laundering.