The U.S. Department of Justice extended the monitorship it had imposed on Deutsche Bank. Some takeaways:
- DOJ found that Deutsche Bank violated a 2021 Deferred Prosecution Agreement relating to FCPA matters.
- The violation arose because Deutsche Bank “untimely reported” unrelated allegations concerning the purported overstating of the use of ESG criteria in another business line.
- Deutsche Bank agreed to extend a monitor already in place from a 2015 criminal settlement involving LIBOR manipulation.
Wall Street Journal story here: https://www.wsj.com/articles/deutsche-bank-violates-doj-settlement-agrees-to-extend-outside-monitor-11647016959