The German bank entered into the agreement with Brooklyn federal prosecutors remotely. The criminal charge accuses the bank of two charges, including conspiracy to violate the law on foreign corrupt practices and conspiracy of wire fraud involving a financial institution.
The bank has agreed to “cooperate fully” with federal prosecutors in any matters currently under investigation.
“Our thorough internal investigations and full cooperation with the DOJ and SEC investigations into these matters reflect our transparency and determination to establish these matters in the past,” Hunter said in the statement.
“As acknowledged in the resolutions, we have taken significant corrective action in response to these issues. As a broader issue, in the years since these issues we have invested more than EUR 1 billion in data, technology and controls, as well as We have “We have expanded our anti-financial crime team to more than 1,600 people worldwide, and we will invest significantly in technology this year and in the future, especially in terms of anti-financial crime.”