The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Deutsche Bank and the World Bank launched a $1.1 billion (1 billion euro) trade finance platform to increase access in emerging and frontier markets. Following this launch, Frankfurt prosecutors executed search warrants at Deutsche Bank's headquarters and branches in mid-July. These investigations by German tax authorities are connected to so-called 'cum-cum' tax transactions.