Deutsche Bank unit fined $25M in ESG, AML settlements
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.
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