Violation Tracker Individual Record

Company: 
Deutsche Bank
Current Parent Company: 
Deutsche Bank
Penalty: 
$95,000,000
Year: 
2017
Date: 
January 4, 2017
Primary Offense: 
tax violations
Secondary Offense: 
fraud
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 Parent: 
Germany
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking & securities
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.