To end a money laundering investigation, Deutsche Bank will pay a fine of 7 million euros to the German court, a decision of the Frankfurt Public Prosecutor's Office.

7 million euros. This is the amount that Deutsche Bank will have to pay to German courts to end a money laundering investigation that involved Bashar al-Assad's family. In this case, officials from the Federal Criminal Police (BKA), the BaFin (financial supervisor) and the Frankfurt Public Prosecutor's Office had searched the premises of Deutsche Bank at the end of April.

The proceedings against the first German bank were concluded with a fine of 7.0 million euros pronounced on 1 July “for negligence & worsen; report suspicions of money laundering in a total of 701 cases,” according to a statement from the prosecutor's office sent to AFP.