Deutsche Bank (NYSE:DB) is being investigated due to allegations of money laundering.
According to Reuters, Federal Police raided Deutsche Bank offices in both Berlin and Frankfurt.
Apparently, the investigation is due to claims of illicit activity by individuals between 2013 and 2018.
This is not the first time that Deutsche Bank has shouldered claims of money laundering. In 2017, the bank was hit with a $630 million fine for claims that it facilitated $10 billion in Russian outflows and allegations of persistent regulatory problems.
A report by AML Intelligence states that the delayed SARs or Suspicious Activity Reports are at the root of the investigation. Apparently, the transactions are related to Russian oligarch Roman Abramovich.
Earlier today, Deutsche Bank reported earnings that topped expectations. The bank reported profit before tax of € 9.7 billion, up 84% year on year. Net profit doubled year over year to € 7.1 billion.
In November 2025, Deutsche Bank announced its ‘Scaling the Global Hausbank’ strategy. The bank aims to accelerate value creation through focused growth, strict capital discipline, and a scalable operating mode.