Defendant Name:
DWS Investment Management Americas, Inc.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Deutsche Bank AG
SIC Code:
6029
CUSIP:
D1819089
Document Reference:
IA-6431
Document Details
Legal Case Name
In the Matter of DWS Investment Management Americas, Inc.
Document Name
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
Document Date
25-Sep-2023
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
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”)."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$6,000,000.00
Shared: