Deutsche Bank Gets Raided After Calling Bitcoin a Risk for Criminal Activity

Deutsche Bank headquarters got raided this week as another bank that regularly criticizes Bitcoin is again suspected of money laundering.

Deutsche Bank Haunted by Panama Papers

As Bloomberg reported November 29, an investigation into two employees at the lender has even resulted in its Frankfurt headquarters being searched, with shares falling almost 5 percent.

Deutsche Bank (DB), which the publication notes has spent $18 billion on “fines and legal disputes” over the past ten years, reportedly has multiple links to the Panama Papers scandal.

Citing prosecutors, Bloomberg added Deutsche “may have helped clients in setting up offshore companies in tax havens.”

“Money obtained illegally may have been transferred to accounts at Deutsche Bank, which failed to report the suspicions that the accounts may have been used to launder money,” it reported.

Bitter Irony Of Banks’ Bitcoin FUD

Ironically, in April, Philippe Vollot, global head of the DB’s department against…