$125 Million Deutsche Bank Settlement with SEC/DOJ Newest in Line of Several Costly Resolutions
By EsqSocial Corporation 20/01/21
On January 8, 2021, the SEC issued a cease-and-desist order, Release No., 90875 (available here), formally resolving proceedings against Deutsche Bank AG. Deutsche Bank agreed to pay over $125 million as part of a global resolution of allegations that it violated the Foreign Corrupt Practices Act of 1977 (FCPA), in connection with its use of third-party intermediaries, business development consultants, and finders engaged to advance Deutsche Bank’s global business development efforts......
By: Faegre Drinker Biddle & Reath LLP