ABN Amro’s Frankfurt Office Raided Over Cum-Ex Tax Scandal
- Sweeping raid was carried out by about 100 German officials
- Dutch bank also probed in Netherlands over money laundering
This article is for subscribers only.
ABN Amro NV became the latest bank to have its offices raided by German authorities over a widening tax scandal, adding to the lender’s woes after it was recently the subject of a money-laundering probe in the Netherlands.
ABN Amro’s Frankfurt unit was searched Tuesday by about 25 German law enforcement officials, according to a spokesman for the bank. The search was part of a wider raid. In total, roughly 100 German officers searched more than a dozen private homes and offices in Germany along with a home in the Netherlands, Frankfurt prosecutors said.