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Prosecutors eye former Deutsche Bank anti-money laundering official: report

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Frankfurt prosecutors have launched a probe against a former anti-money laundering official of Deutsche Bank (DBKGn.DE) on suspicion of money laundering, German public broadcaster Hessischer Rundfunk reported on Monday.

The public prosecutor is accusing the former official of failing to report suspicious transactions, despite sufficient indications of money laundering, Hessischer Rundfunk reported, without citing sources.

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A spokesman for Deutsche Bank declined to comment. The Frankfurt prosecutor’s office didn’t answer the phone or return an email seeking comment.

Deutsche Bank shares hit a low on Friday and traded 4.4 percent lower at 1614 GMT. Shares are down 53 percent this year.

Last month, Police raided six Deutsche Bank premises in and around Frankfurt over money laundering allegations linked to the Panama Papers.

The two-day search included all the offices of Deutsche Bank’s management board.

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Investigators are looking into the activities of two unnamed Deutsche Bank employees alleged to have helped clients set up offshore firms to launder money, the prosecutor’s office has said. The inquiries focus on events from 2013 to this year.

Reporting by Tom Sims and Andreas Framke; Editing by Maria Sheahan and Edward Taylor

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… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



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Trump responds to China raising tariffs — by raising tariffs on over half a trillion dollars in Chinese goods

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After US markets tanked on Friday, President Donald Trump dramatically escalated his trade war with China.

"For many years China (and many other countries) has been taking advantage of the United States on trade, intellectual property theft, and much more. Our country has been losing hundreds of billions of dollars a year to China, with no end in sight," Trump tweeted.

"Sadly, past Administrations have allowed China to get so far ahead of fair and balanced trade that it has become a great burden to the American taxpayer. As President, I can no longer allow this to happen," he argued.

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MSNBC anchor blasts Trump’s ‘lunacy’ after ‘a Twitter tirade that sent the Dow spiraling’

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The New York Stock Exchange closed down over 600 points on Friday as President Donald Trump's trade war with China escalated.

MSNBC anchor John Heilemann said, "we’re hours away for the president taking off to the G7 summit in Bairritz, France, where allies are bracing for the Trump-fueled mayhem that is now 100% certain to ensue, with Trump like a drunken traveler in the departure lounge about to take a trip that he dreads, already sewing global chaos, days-long public meltdown typically moved from words to actions."

"Donald Trump beginning this day with a Twitter tirade that sent the Dow spiraling, closing down more than 600 points today and escalating his trade war with China with these norm-shattering, power-abusing words in this tweet," he said, putting the tweet on-screen.

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Ex-Houston cop is charged with murder after his fraudulent search warrant got a couple killed

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Former Houston police officer Gerald Goines has been indicted on felony murder charges in relation to a drug raid in January that left a couple dead, the Houston Chronicle reported this Friday.

Questions about the raid, which took place January 28, began to swirl when it was revealed that Goines had lied to obtain the search warrant. The raid resulted in a shootout that killed 58-year-old Rhogena Nicholas and 59-year-old Dennis Tuttle. Goines was also wounded in the shootout as were four other officers.

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