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Deutsche Bank to pay more than $130M to settle anti-bribery, spoofing cases

January 11, 2021

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“Deutsche Bank engaged in a seven-year course of conduct, during which it failed to implement a system of internal accounting controls regarding the use of company funds and falsified its books and records to conceal corrupt and improper payments,” Robert Zink, acting deputy assistant attorney general of the Justice Department’s Criminal Division, said in a statement. “This resolution exemplifies the department’s commitment to help ensure that publicly traded companies devise and implement appropriate and proper systems of internal accounting controls and maintain accurate and truthful corporate documentation.”

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