German Finance Ministry Raided in Money Laundering Probe

German Finance Ministry Raided in Money Laundering Probe
20 Euro banknotes are seen in a picture illustration, on Aug. 1, 2016. Regis Duvignau/Illustration/Reuters
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BERLIN—German prosecutors raided the finance and justice ministries on Thursday as part of an investigation into possible obstruction of justice by the government’s anti-money laundering agency.

The probe into the Financial Intelligence Unit, an agency of the finance ministry under SPD chancellor candidate Olaf Scholz, is looking at whether the division failed to act on warnings from banks of possible money laundering.