Tagged: Deutsche Bank FCPA

Deutsche Bank Agrees to Pay $130 Million to Resolve FCPA and Fraud Cases (Part I of II)

Deutsche Bank, the infamous German bank connected to President Trump, settled FCPA and fraud cases with the Justice Department and the SEC, and agreed to pay a total of $130 million.  The settlement included resolution of fraud charges against Deutsche Bank relating to a commodities fraud scheme, commonly referred to as “spoofing.” Under the global resolution, Deutsche Bank agreed to pay: (1) criminal penalties of...

Deutsche Bank Settles FCPA Case with SEC for $16 Million for Hiring Relatives of Public Officials

If there ever was a poster-child for reputational damage for a financial institution, Deutsche Bank would be the first and only candidate.  Talk about a bank that is in trouble and continues to fall under government scrutiny. Last week, Deutsche Bank agreed to pay the SEC $16 million for its hiring of relatives of public officials in China and Russia.  (Here). Deutsche Bank joins a...