Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: DWS Investment Management Americas Inc.
Current Parent Company: Deutsche Bank
Penalty: $25,000,000
Year: 2023
Date: September 25, 2023
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: anti-money-laundering deficiencies
Mega-Scandal: Anti-Money Laundering Deficiencies
Violation Description: The Securities and Exchange Commission charged registered investment adviser DWS Investment Management Americas Inc., a subsidiary of Deutsche Bank AG, in two separate enforcement actions, one addressing its failure to develop a mutual fund Anti-Money Laundering (AML) program, and the other concerning misstatements regarding its Environmental, Social, and Governance (ESG) investment process. To settle the charges, DIMA agreed to pay a total of $25 million in penalties.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
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.