Asset Managers · Sustainability

DWS hit with $25 mln SEC fines over ESG, AML violations

Greenpeace in March targeted the offices of DWS and Deutsche Bank in Frankfurt with a protest. Photo: Greenpeace.

DWS, the asset management subsidiary of Deutsche Bank, finds itself in hot water with the Securities and Exchange Commission (SEC). The investment management giant has been charged on two fronts: making misleading claims about its Environmental, Social, and Governance (ESG) investment practices and lacking a robust Anti-Money Laundering (AML) framework. To settle these charges, DWS will be parting with 25 million dollars in penalties.

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