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Deutsche Bank will pay more than $130 million to resolve investigations into FCPA violations and commodities fraud. This sum consists of about $85 million in criminal penalties, $680,000 in criminal disgorgement, $1.2 million in victim compensation, and $43 million paid to the SEC. The schemes involved concealing bribes to third-party intermediaries by falsely recording them on the bank’s books and records, internal accounting control violations, and fraudulent and manipulative commodities trading practices involving publicly-traded precious metals futures contracts. The settlement includes a three-year deferred prosecution agreement.
Source:
- Jusice.gov: Deutsche Bank Agrees to Pay over $130 Million to Resolve Foreign Corrupt Practices Act and Fraud Case
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