FILE PHOTO: Signage is seen on the lobby of the U.S. headquarters of Deutsche Bank in New York City, U.S., July 8, 2019. REUTERS/Andrew Kelly
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission on Thursday said Deutsche Bank (DBKGn.DE) had agreed to pay $16 million to settle charges that it violated the Foreign Corrupt Practices Act.
The regulator alleged that the bank hired relatives of foreign government officials in both the Asia-Pacific region and Russia in order to improperly influence them in connection with its investment banking business.
Reporting by Michelle Price, Editing by Rosalba O’Brien