Deutsche Bank Prosecutors Said to Obtain Client List in Raid

Chief Executive Officer Christian Sewing expressed surprise at the raid, saying in a newspaper interview at the time that the bank had considered the case closed, having examined it in “close cooperation with supervising authorities” in 2016, when news about the Panama Papers first broke. The head of Germany’s financial supervisor Bafin, Felix Hufeld, said a year ago that the German banks probed over the Panama Papers had “largely” complied with existing money-laundering rules.

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