Defendant Name: DWS Investment Management Americas, Inc.

Defendant Type: Subsidiary of Public Company
Public Company Parent: Deutsche Bank AG
SIC Code: 6029
CUSIP: D1819089

Initial Case Details

Legal Case Name In the Matter of DWS Investment Management Americas, Inc.
First Document Date 25-Sep-2023
Initial Filing Format Administrative Action
File Number 3-21707
Allegation Type Investment Advisers/Investment Companies

Violations Alleged

Related Violations Alleged

DWS Investment Management Americas, Inc. is alleged to have caused an unidentified individual or entity's violation of Rule 38a-1 Investment Company Act.

Resolutions

First Resolution Date 25-Sep-2023
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

IA-6431 25-Sep-2023 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 9(f) of the Investment Company Act of 1940, Making Findings, and Imposing a Cease-and-Desist Order
On September 25, 2023, the SEC instituted settled cease-and-desist proceedings against DWS Investment Management Americas, Inc., stating: "This matter concerns the failure of the mutual funds advised by DWS Investment Management Americas, Inc. (“DIMA”) (collectively, the “DWS Mutual Funds”) to develop and implement a reasonably designed anti-money laundering (“AML”) program to comply with the Bank Secrecy Act, 31 U.S.C. § 5311 et seq. (“BSA”), and applicable regulations promulgated by the Financial Crimes Enforcement Network (“FinCEN”)."
2023-194_3-21707 25-Sep-2023 Press Release--Administrative Proceeding
Deutsche Bank Subsidiary DWS to Pay $25 Million for Anti-Money Laundering Violations and Misstatements Regarding ESG Investments
On September 25, 2023, the SEC stated that: "[It] charged registered investment adviser DWS Investment Management Americas Inc. (DIMA or DWS), a subsidiary of Deutsche Bank AG, in two separate enforcement actions, one addressing its failure to develop a mutual fund Anti-Money Laundering (AML) program, and the other concerning misstatements regarding its Environmental, Social, and Governance (ESG) investment process. To settle the charges, DIMA agreed to pay a total of $25 million in penalties."