The US Securities Regulatory Commission said today that Deutsche Bank has been accused of paying $16.2 million in violation of US anti-corruption laws in order to rob or retain business for the second generation of foreign officials (about NT$520 million). Million dollars) reconciliation.
The Securities and Exchange Commission (SEC) accused the largest German bank of hiring a poorly qualified “princeling party” at the request of Chinese and Russian officials, violating the Foreign Corrupt Practices Act.
According to the US Securities Regulatory Commission, Deutsche Bank did not recognize or deny the results of the investigation under the settlement agreement.
A spokesperson for Deutsche Bank said in an e-mailed statement to Reuters: “Deutsche Bank closely cooperates with the SEC to implement many remedies to improve the bank’s recruitment practices.”
According to the US Securities and Exchange Commission, Deutsche Bank has taken extensive remedies to address employment compliance and internal accounting controls.
The US Securities and Exchange Commission said that at least between 2006 and 2014, Deutsche Bank hired high-level relatives of foreign state-owned enterprises with poor quality or disqualification. The main goal was to negotiate business for the company, such as an initial public offering.
The US Securities and Exchange Commission also found that Deutsche Bank employees fabricated accounts and records, concealing corrupt employment practices, and did not accurately record certain related expenses, breach of accounts and records and internal accounting controls.
The US Securities and Exchange Commission said the $16.2 million settlement fund included $10.8 million in recovery funds, $2.4 million in interest and $3 million in civil penalties.