German Prosecutors Drop Money Laundering Probe Against Deutsche Bank Managers | Investing News

BERLIN (Reuters) – German prosecutors said on Tuesday they were dropping a money laundering investigation against managers at Deutsche Bank

, over its relations with Danske Bank’s

Estonian subsidiary, citing a lack of evidence.

The economic crimes unit at the Frankfurt Prosecutor’s Office also fined Deutsche Bank 13.5 million euros ($15.9 million) for being slow to report suspected money laundering in more than 600 cases.

(Reporting by Douglas Busvine; Editing by Maria Sheahan)

Copyright 2020 Thomson Reuters.

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