Deutsche Bank pays $122.9 million to resolve ‘business development’ FCPA offenses
Deutsche Bank AG
agreed Friday to pay the DOJ and SEC $122.9 million in penalties and disgorgement
to resolve FCPA offenses in
China,
Italy,
Abu Dhabi,
and Saudi Arabia.The Frankfurt-headquartered bank entered into a three-year deferred prosecution agreement with the Department of Justice, paying a $79.6 million criminal penalty.
The DOJ
charged Deutsche Bank in federal court in New York with one count of conspiracy to violate the books and records and internal accounting controls provisions of the FCPA.
In an internal administrative order, the SEC
charged Deutsche Bank with violating the FCPA’s books and records and internal accounting controls provisions.As part of the SEC settlement, Deutsche Bank agreed to pay $43.3 million in disgorgement and prejudgment interest.
The SEC didn’t impose a separate penalty.
The FCPA Blog
Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and PT Bukit Muria Jaya | U.S. Department of the Treasury
https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20210114_33