- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-09-25T17:26:00
The asset management arm of Deutsche Bank agreed to pay $25 million in penalties across two separate settlements with the Securities and Exchange Commission (SEC) addressing alleged misstatements in environmental, social, and governance (ESG) investments and anti-money laundering (AML) violations.
DWS Investment Management Americas was fined $19 million as part of the ESG action and $6 million for the AML lapses, the SEC announced in a press release Monday.
Deutsche Bank has been no stranger to punishment over its AML controls, while the ESG matter received notable attention last year after then-DWS Chief Executive Asoka Woehrmann announced his resignation amid an investigation by German officials into allegations of greenwashing.
2024-03-20T15:44:00Z By Kyle Brasseur
Deutsche Bank was assessed a penalty of €50,000 (U.S. $54,000) by Germany’s financial supervisory authority for its alleged miscommunication of a 2023 information technology security incident.
2023-10-03T16:58:00Z By Aaron Nicodemus
The $19 million fine against DWS Investment Management Americas levied by the SEC wasn’t to punish greenwashing, experts said, but rather a penalty imposed for the firm not doing what it claimed related to its environmental, social, and governance investment strategy.
2023-09-29T20:06:00Z By Kyle Brasseur
The American branch of South Korea-based Shinhan Bank agreed to pay $25 million across settlements with three separate regulators for admitted violations of the Bank Secrecy Act and anti-money laundering requirements.
2025-06-12T15:51:00Z By Neil Hodge
Europe’s pioneering data protection legislation turned seven years old in May, but the compliance and enforcement difficulties that have dogged the rules since they came into force look set to present both companies and data regulators with fresh headaches for some time to come.
2025-06-11T15:12:00Z By Adrianne Appel
The Department of Justice has charged the founder of cryptocurrency company Evita with 22 violations for allegedly laundering more than $500 million through U.S. banks and cryptocurrency exchanges, on behalf of sanctioned Russian entities.
2025-06-07T01:41:00Z By Oscar Gonzalez
The Securities and Exchange Commission Chair Paul Atkins explained his agency’s shift on cryptocurrency regulation to a Senate committee as legislators bargain over President Donald Trump’s “One Big Beautiful Bill” and the GENIUS Act, which would have the federal government invest heavily in cryptocurrency.
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