DWS, Deutsche Bank subsidiary, fined US$9m by SEC for AML faults

DWS Investment Management Americas, Inc, Delaware-registered investment advisor to a set of mutual funds, and a majority-owned indirect subsidiary of Deutsche Bank AG, has agreed to pay the US Securities and Exchange Commission (SEC) US$9 million for failings in its anti-money laundering controls between at least January 2017 and December 2021.

DWS Investment Management Americas, Inc, Delaware-registered investment advisor to a set of mutual funds, and a majority-owned indirect subsidiary of Deutsche Bank AG, has agreed to pay the US Securities and Exchange Commission (SEC) US$9 million for failings in its anti-money laundering controls between at least January 2017 and December 2021.