DWS to pay $25 million to end US probe into greenwashing, other …

Sep 25, 2023 · NEW YORK (Reuters) -Deutsche Bank-controlled investment firm DWS will pay $25 million to settle charges over misstatements regarding its environmental, social, and …

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DWS To Pay $25 Million To End US Probe Into Greenwashing, Other …

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Sep 25, 2023 · NEW YORK (Reuters) -Deutsche Bank-controlled investment firm DWS will pay $25 million to settle charges over misstatements regarding its environmental, social, and …

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DWS To Pay $25M To Settle SEC’s ESG, AML Probes

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Sep 26, 2023 · DWS will pay $25 million to resolve two investigations — one focused on environmental, social and governance-related misstatements and another that found …

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Deutsche Bank’s DWS To Pay $25 Million To Settle SEC Probes (1)

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Deutsche Bank AG ’s DWS asset management arm agreed to pay a total of $25 million to settle Securities and Exchange Commission probes into alleged greenwashing and anti-money …

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DWS To Pay $25 Million To End US Probe Into Greenwashing, Other …

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Sep 25, 2023 · Last year it hit Goldman Sachs and BNY Mellon (NYSE: BK) with $4-million and $1.5-million fines, respectively. DWS to pay $25 million to end US probe into greenwashing, …

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DWS To Pay $25 Million To End US Probe Into Greenwashing, Other …

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Sep 25, 2023 · A spokesperson said the firm is pleased to have resolved the matters, noting DWS stands by ESG statements made in its financial disclosures and fund prospectuses and has …

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DWS To Pay $25 Mln To End US Probe Into Greenwashing - AML …

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Sep 25, 2023 · DWS to pay $25 mln to end US probe into greenwashing, other issues. Premium ... Deutsche Bank-controlled investment firm DWS will pay $25 million to settle charges over …

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DWS TO PAY $25M TO END US PROBE INTO GREENWASHING

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Sep 26, 2023 · Deutsche Bank-controlled investment firm DWS will pay $25m to settle charges over misstatements regarding its environmental, social, and governance investing and failures …

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DWS To Pay $25m To End US Probe Into Greenwashing - City A.M.

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Sep 25, 2023 · Deutsche Bank-controlled investment firm DWS will pay $25 million to settle charges over misstatements regarding its environmental, social, and governance (ESG) …

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DWS To Pay $25 Mln To End US Probe Into Greenwashing, Other …

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Sep 25, 2023 · Deutsche Bank-controlled XETR:DBK investment firm DWS will pay $25 million to settle charges over misstatements regarding its environmental, social, and governance (ESG) …

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DWS To Pay $25 Million To End US Probe Into Greenwashing, Other …

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Sep 26, 2023 · By Chris Prentice NEW YORK (Reuters) -Deutsche Bank-controlled investment firm DWS will pay $25 million to settle charges over misstatements regarding its. By using this …

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DWS To Pay $25 Million To End US Probe Into Greenwashing, Other …

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Sep 28, 2023 · By Chris Prentice NEW YORK (Reuters) -Deutsche Bank-controlled investment firm DWS will pay $25 million to settle charges over misstatements regarding its

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DWS To Pay $25m To End US Probe Into Greenwashing

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Sep 25, 2023 · Deutsche Bank-controlled investment firm DWS will pay $25 million to settle charges over misstatements regarding its environmental, social, and governance (ESG) …

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Will DWS be fined for greenwashing?

REUTERS/Ralph Orlowski/File Photo Purchase Licensing Rights NEW YORK/FRANKFURT, July 25 (Reuters) - The U.S. Securities and Exchange Commission is preparing to resolve a two-year probe into allegations of greenwashing by the German fund manager DWS (DWSG.DE), with a fine by the end of September, two people with knowledge of the matter said. ...

Why did DWS start a greenwashing investigation?

The watchdog launched its greenwashing investigation two years ago, prompted by a whistleblower complaint from DWS’s former head of ESG, Desiree Fixler. According to Fixler, DWS made misleading statements in its 2020 annual report over the size of its ESG assets. ...

Why did DWS pay $19mn?

The $19mn payment is in line with a provision over the matter that the asset manager disclosed in July alongside its half-year numbers. DWS said “the weaknesses identified by the SEC are in relation to processes and procedures that the firm has already taken steps to address”. ...

Did DWS make 'concerning' misstatements about its ESG investment process?

DWS Investment Management Americas made "concerning" misstatements regarding its ESG investment process, the U.S. Securities and Exchange Commission (SEC) said in a statement. ...

What's new at DWS Investments?

Key developments include the DWS Investments settlement and changes to the Names Rule. The Securities and Exchange Commission made strides in its fight against greenwashing, settling a two-year probe of DWS Investments into misstatements about its environmental, social, and governance investing, as well as making changes to its Names Rule. ...

Did DWS violate anti-money laundering laws?

It was also accused of anti-money laundering violations in a separate enforcement action, bringing the total penalty to $25mn. The SEC accused DWS of making “materially misleading statements” about its controls over ESG factors linked to investment and research recommendations for ESG products, including some actively managed mutual funds. ...