Bloomberg Tax
Nov. 28, 2022, 1:51 PM

German Court Throws Out Money-Laundering Charges Over Cum-Ex (2)

Karin Matussek
Karin Matussek
Bloomberg News

A German criminal case against six bankers for money-laundering in a probe linked to the $2 billion Cum-Ex tax scandal in Denmark was thrown out before it got to trial.

Judges in the southwestern German city of Koblenz ruled that the charges against the bankers, who worked at North Channel Bank, can’t proceed for legal reasons, a spokeswoman for the tribunal said in an email on Monday. Prosecutors will appeal the ruling.

The judges ruled that the money didn’t come from a tax-evasion or a fraud that qualifies under German money laundering rules as the required criminal action, according ...

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