Tag: DIMA

U.S. SEC Fines Deutsche Bank Subsidiary DWS With $25 Million for AML & ESG Violations!

FinTelegram Charlene Lensburg - September 25, 2023

The U.S. SEC announced two separate enforcement actions against DWS Investment Management Americas Inc. (DIMA or DWS), an affiliate of Deutsche Bank AG. The first action pertains to DIMA's negligence in establishing an Anti-Money Laundering (AML), while the second addresses misleading statements about its Environmental, Social, and Governance (ESG) investment practices. DIMA has consented to pay penalties totaling $25 million to resolve these charges.

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