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Deutsche Bank's DWS Faces ESG and AML Penalties
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Deutsche Bank's subsidiary, DWS, has agreed to pay $25 million for misstatements about its ESG and anti-money laundering (AML) measures, marking the largest ESG penalty in SEC history. The settlement follows a whistleblower complaint and SEC investigations, with the company facing criticism from Republican lawmakers for its corporate ESG policies. Additionally, TD Bank is under investigation for its compliance with anti-money laundering rules.
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How might the increasing scrutiny of ESG and AML practices impact the broader corporate landscape?
In what ways can the settlement of DWS's violations influence future regulations and enforcement actions related to ESG and AML practices?
What steps can companies take to ensure compliance with anti-money laundering regulations while still incorporating ESG considerations into their investment strategies?
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