The German bank reached an agreement with the Brooklyn federal prosecutor remotely. The criminal proceedings charged the bank with two counts, including conspiracy to violate the Foreign Corrupt Practices Act and conspiracy to defraud financial institutions.
The bank did agree to “fully cooperate” with federal prosecutors on any matter currently under investigation.
Hunter said in the statement: “Our in-depth internal investigations and full cooperation with the US Department of Justice and the SEC on these issues reflect our transparency and determination to keep these issues firmly in the past.”
“The resolution has confirmed that we have taken important remedial measures to address these issues. From a broader perspective, since these issues occurred, our investment in data, technology and control over the years has exceeded 1 billion euros. With the improvement of our training and operating procedures, we have expanded the anti-financial crime team to more than 1,600 people worldwide, and we will continue to invest heavily in technology this year and in the future, especially in technical compliance related to anti-financial crime. “