Deutsche Bank Subsidiary to Pay $4 Million for Untimely Filing Certain Suspicious Activity Reports
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Deutsche Bank Securities Inc., a subsidiary of Deutsche Bank AG, has been charged by the SEC for failing to file certain Suspicious Activity Reports (SARs) in a timely manner, resulting in a $4 million penalty.
December 20, 2024 | 2:45 pm
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Deutsche Bank Securities Inc., a subsidiary of Deutsche Bank AG, has been fined $4 million by the SEC for not filing certain Suspicious Activity Reports on time.
The $4 million fine by the SEC for untimely SAR filings could negatively impact Deutsche Bank's stock in the short term due to potential reputational damage and increased scrutiny from regulators.
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IMPORTANCE 70
RELEVANCE 80