“The investigation relates to a case involving a single customer and more than one bank,” a bank spokesman said.
European prosecutors raided one of its units UniCredit in Munich as part of an investigation into a possible tax fraud amounting to 200 million. euros, according to the Bloomberg agency citing a person with knowledge of the matter.
The European Public Prosecutor’s Office said in a statement on Friday that it was investigating a bank in Munich in connection with an investigation into a company director who is suspected of receiving hundreds of millions in bank transfers to his accounts that stemmed from tax fraud.
“The investigation relates to a case involving a single client and more than one European banks»a UniCredit spokesperson said, adding that the customer relationship has been terminated.
“This matter was previously reported by the bank to the authorities and the bank is cooperating with them, providing all necessary information to support this investigation in full transparency”they reported.
The European Public Prosecutor’s Office did not name the bank in its statement, but said it was currently assessing “whether the bank carried out the necessary due diligence measures under the Anti-Money Laundering Act”.
Unicredit subsidiary HypoVereinsbank did not immediately comment on the raid. A spokesperson for the European Public Prosecutor’s Office declined to comment on ongoing investigations.
Source: Skai
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