German prosecutors in Frankfort are making #DeutscheBank pay a $16.5 million fine for lax money laundering controls, but dropped a tax evasion criminal investigation against them.
It was an investigation stemming from a raid on the bank in Nov 2018 and was centered on a Deutsche bank in the British Virgin Islands. 
More specifically, it focused on Deutsche subsidiary "Regula" which was in the #PanamaPapers. There probably was money laundering involved, but prosecutors claimed there wasn't enough evidence Deutsche Bank execs.
I think there were several different investigations in Germany into Deutsche, though.
I guess in this case, they were implying that they didn't' have evidence that bank execs participated in it, but they overlooked it, hence the fines.
I guess in this case, they were implying that they didn't' have evidence that bank execs participated in it, but they overlooked it, hence the fines.
