Reuters: BNP Paribas Frankfurt office searched in cum-ex probe

BNP Paribas said on Wednesday that prosecutors were searching its Frankfurt premises as part of an long-running investigation into a multibillion-euro tax fraud scheme known as “cum-ex” and that it was cooperating fully.

German prosecutors said they have been conducting a search at a banking institution in Frankfurt since Tuesday in relation to cum-ex, without naming the bank.

“Like we already have done since the beginning of the investigation in 2017, we continue to fully cooperate with the public prosecutor according to legal requirements,” a spokesperson for the bank said.

The full article is available at

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