The U.S. Securities and Exchange Commission charged registered investment adviser DWS Investment Management Americas Inc. (DIMA or DWS), a subsidiary of Deutsche Bank AG, in two separate enforcement actions, one addressing its failure to develop a mutual fund Anti-Money Laundering (AML) program, and the other concerning misstatements regarding its ESG investment process. To settle the charges, DIMA agreed to pay a total of $25 million in penalties.
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