Corporate Finance
Deutsche Bank fined £88m for FCPA violations
According to the SEC, Deutsche Bank used a combination of foreign officials, their relatives, and their associates as ‘third-party intermediaries’, business development consultants and finders to obtain and retain global business
The Securities and Exchange Commission (SEC) has announced charges against Deutsche Bank AG for violations of the Foreign Corrupt Practices Act (FCPA) which has resulted in the bank paying more than $120m (£88m) to settle the charges.
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