Status: 09.12.2021 09:34 AM
Deutsche Bank may have violated settlement requirements in the United States. Now threatens new problems with the American judiciary. It relates to the allegations of bleaching against the fund’s subsidiary, DWS.
According to media reports, the US Department of Justice has informed Deutsche Bank that it may have violated previous settlement requirements. According to the “Wall Street Journal”, the largest German financial institution is said to have hidden an internal complaint and not referred it to the US public prosecutor.
Specifically, it relates to the allegations of green washing in the sub-DWS. The asset manager allegedly lied in its annual report about sustainable investments and made fewer investment decisions based on environmental or ethical standards than officially stated. The former head of sustainability at DWS had already voiced these claims in the spring. She had given an interview with “The Wall Street Journal” at the time. This is how the US Department of Justice learned about the case.
Compared to millions
In the past few years, Deutsche Bank has had frequent problems with the US authorities. It was only in January that Dar Al Mal paid out a $1 million settlement. In turn, stopped criminal proceedings against Deutsche Bank in the United States. The accusation at that time was: corruption and bribery deals abroad. The United States can also pursue allegations of bribery outside its national borders.
According to US media reports, it was also said that part of Deutsche Bank’s deal with US authorities was to inform supervisors of further misconduct. Now the US Department of Justice is investigating the case.
Deutsche Bank threatens US justice problems
Francesca Hoppen, ARD Washington, Dec 9, 2021 8:50 a.m.
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