Defendant Name:
Deutsche Bank AG
Defendant Type:
Public Company
Document Reference:
34-86740-s
Document Details
Legal Case Name
In the Matter of Deutsche Bank AG
Document Name
SEC Charges Deutsche Bank with FCPA Violations Related to Its Hiring Practices
Document Date
22-Aug-2019
Document Format
Administrative Proceeding
Allegation Type
Foreign Corrupt Practices Act
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
None Specified
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: