Thursday, November 30, 2023

Latest Posts

SEC hands $25m penalty to Deutsche Bank subsidiary for AML violations and ESG “misstatements”

The US Securities and Exchange Commission (SEC) imposes a $25 million penalty on DWS Investment Management Americas Inc. (DIMA), a subsidiary of Deutsche Bank, in two enforcement actions for AML and ESG violations.


  • SEC fines DIMA $6 million for failing to create a mutual fund anti-money laundering (AML) program tailored to specific risks.
  • DIMA faces a $19 million fine for making “materially misleading” statements about its environmental, social, and governance (ESG) investment processes.
  • DWS described itself as an ESG “leader” but did not conform to ESG processes it marketed from August 2018 to late 2021.
  • DIMA agrees to cease-and-desist orders and penalties of $6 million for AML violations and $19 million for ESG misstatements, without admitting guilt.

Latest Posts

Don't Miss