German prosecutors raided several Deutsche Bank offices in the Frankfurt area Thursday over suspicions of money laundering based on revelations from the 2016 "Panama Papers" data leak.
The German Federal Criminal Police Office said on Tuesday that it has purchased the vast amount of leaked data known as the Panama Papers, which revealed the legally dubious offshore activities of celebrities, politicians and sports stars last year.
Cologne's public prosecutor and tax authorities are examining claims, which have come to light via the leaked Panama Papers, alleging that leading German private bank Berenberg helped clients to evade tax, news magazine Der Spiegel reported on Saturday.
German Finance Minister Wolfgang Schäuble on Sunday pleaded for countries to work together in the fight against tax cheats and money launderers by sharing national lists naming the beneficiaries of shell companies.
The two German journalists of the Sueddeutsche Zeitung daily behind the Panama Papers revelations say they are surprised by the global shockwaves the leak caused and promised more sensational disclosures.
Mercedes Formula One driver Nico Rosberg has become the latest celebrity sportsman to be linked to the Panama Papers leak of millions of documents relating to murky offshore business dealings.
The German government on Monday said it hoped the revelations from the so-called "Panama Papers" will spur global efforts to combat tax evasion and money laundering.