Defendant Name: Deutsche Bank AG

Defendant Type: Public Company
SIC Code: 6029
CUSIP: D1819089

Initial Case Details

Legal Case Name In the Matter of Deutsche Bank AG
First Document Date 22-Aug-2019
Initial Filing Format Administrative Action
File Number 3-19373
Allegation Type Foreign Corrupt Practices Act
AAER 4065

Violations Alleged

Exchange Act
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)

Resolutions

First Resolution Date 22-Aug-2019
Headline Total Penalty and Disgorgement $16,178,850

Related Documents:

34-86740 22-Aug-2019 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On August 22, 2019, the SEC instituted settled administrative and cease and desist proceedings against Deutsche Bank AG ("Deutsche Bank"). The SEC stated: "This matter concerns violations of the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act of 1977 (the "FCPA") by Deutsche Bank. Between at least 2006 and 2014, Deutsche Bank provided valuable employment to the relatives of foreign government officials in various parts of the world as a personal benefit to the officials in order to improperly influence them to assist the bank in obtaining or retaining business or other benefits."
34-86740-s 22-Aug-2019 Administrative Summary
SEC Charges Deutsche Bank with FCPA Violations Related to Its Hiring Practices
The SEC stated: "Deutsche Bank AG will pay more than $16 million to settle charges that it violated the FCPA by hiring relatives of foreign government officials in order to improperly influence them in connection with investment banking business."