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10/13/2020, 4:02 PM (Source: TeleTrader)
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Germany stops Deutsche money laundering probe

The Frankfurt public prosecutor announced on Tuesday it is stopping the Deutsche Bank AG money laundering investigation relating to the Danske Bank scandal.

The authorities cited a lack of evidence for the decision. However, the bank was fined €13.5 million for being too slow to report suspicious transactions.

"With the completion of the proceedings, it is clear that there was no criminal misconduct on the part of Deutsche Bank or its employees," Deutsche executive said following the announcement.

Breaking the News / MD