Foreign Corrupt Practices Act: Investigations Dataset

Investigation Name: Investigation into Deutsche Bank's Hiring Practices in the Asia-Pacific Region

Trend: Financial Industry Referral Hiring Practices

Type of investigation: SEC, DOJ

Other Agencies Investigating/Assisting with SEC/DOJ Investigation:

Unspecified U.S. Authorities

Whistleblower: Unknown

Summary

Deutsche Bank AG (Deutsche Bank), a German financial services corporation, operated in more than 70 countries worldwide, and the company's securities were registered with the SEC and traded on the New York Stock Exchange.

In its 20-F filed on March 20, 2015, Deutsche Bank disclosed that “certain regulators” were investigating, among other things, Deutsche Bank’s compliance with the FCPA and other laws with respect to its hiring practices related to candidates referred by clients, potential clients and government officials. The company's March 20, 2017, annual report confirmed that the regulators were the SEC and DOJ.

On August 22, 2019, the SEC issued a cease and desist order against Deutsche Bank for violations of the books and records and internal controls provisions of the FCPA, and in its 20-F filed on March 20, 2020, Deutsche Bank disclosed that the DOJ had closed its investigation.

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| Investigations Dataset

Investigations Dataset

Information & Summary

Investigation into Deutsche Bank's Hiring Practices in the Asia-Pacific Region

Information & Summary

Protected Content