Washington, DC ­- United States Senators Elizabeth Warren (D-Mass.) and Chris Van Hollen (D-Md.), both members of the Senate Banking Committee, wrote to Chairman Crapo asking the Banking Committee to launch a detailed, bipartisan investigation into Deutsche Bank.

"Over the past several years, Deutsche Bank has been the subject of numerous enforcement actions in the in the United States and abroad, and just weeks ago the bank's head office and other locations in Frankfurt were raided by 170 police officers and tax investigators as part of a money laundering probe," the senators wrote. "Given the Committee's jurisdiction over banking regulatory enforcement, Deutsche Bank's history of regulatory problems, and the recent allegations of money laundering that resulted in the recent raid conducted by German law enforcement, we request that the Banking Committee undertake an investigation into Deutsche Bank and its compliance with the Bank Secrecy Act (BSA) and Anti Money Laundering (AML) regulations."

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