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Deutsche Bank Settles FCPA Case for $16 Million

September 4, 2019 by Eugene Grygo

Deutsche Bank Settles FCPA Case for $16 Million

Deutsche Bank has reached a $16 million settlement with the SEC over a Foreign Corrupt Practices Act (FCPA) case in which the firm was charged with hiring relatives of foreign government officials as a way to gain influence in landing investment banking business. SEC officials alleged that Deutsche Bank employees “hired relatives at the request… Read More >>

Filed Under: Data Management, Industry News, Operational Risk, Risk Management, General Interest, Governance, Diversity, Equity, and Inclusion (DEI), Back-Office, Standards, KYC, AML/Fraud/Financial Crime, Regulation & Compliance, Regulatory Reporting, Industry News, People Moves Tagged With: Deutsche Bank, FCPA, Foreign Corrupt Practices Act, hired relatives, merit-based hiring, Referral Hire, SEC, settlement

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