Defendant Name:
Deutsche Bank AG
Defendant Type:
Public Company
SIC Code:
6029
CUSIP:
D1819089
Document Reference:
34-86740
Document Details
Legal Case Name
In the Matter of Deutsche Bank AG
Document Name
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
Document Date
22-Aug-2019
Document Format
Administrative Proceeding
AAER
4065
Allegation Type
Foreign Corrupt Practices Act
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Disgorgement
Individual:
$10,785,900.00
Shared:
Civil Penalty
Individual:
$3,000,000.00
Shared:
Pre-Judgment Interest
Individual:
$2,392,950.00
Shared:
