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COMING UP:Share Opener Variant 4



German police have raided the headquarters of Deutsche Bank in Frankfurt and five other offices in and around that city, in an investigation into money laundering allegations. Deutsche Bank is one of the world's biggest financial firms. And prosecutors say their probe is looking at two bank employees who are thought to have helped clients set up offshore holding companies in an effort to bypass regulations designed to protect against laundering.
The employees are also said to have failed to report suspicions that laundering was taking place. The investigation was triggered by the so called Panama Papers leaks of 2016. Millions of documents leaked to the press from a law firm in Panama that connected corporations, and rich, and powerful individuals to financial networks outside the reach of western law enforcement.
Allegations of tax evasion, organized crime, and skirting sanctions all came out of those leaks. Deutsche Bank says it's cooperating fully with police, shares dropped on the news.