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Violation Tracker Individual Record

Company: Deutsche Bank
Current Parent Company: Deutsche Bank
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $95,000,000
Year: 2017
Date: January 4, 2017
Offense Group: financial offenses
Primary Offense: tax violations
Secondary Offense: fraud
Mega-Scandal: Assisting Tax Evasion
Violation Description: Deutsche Bank agreed to pay $95 million to resolve allegations that it participated in a series of transactions that amounted to fraudulent conveyances carried out with the purpose and effect of evading tens of millions of dollars in federal tax liability.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-Southern District of New York
Civil or Criminal Case: civil
HQ Country of Current Parent: Germany
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.