SEC Fines Deutsche Bank Fund Unit for Money Laundering and ESG Misstatements

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SEC Fines Deutsche Bank Fund Unit for Money Laundering and ESG Misstatements
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The bank’s investment arm agreed to pay $25 million for overstating how it used environmental, social and governance factors in its funds.

Photo:investment arm agreed to pay $25 million for overstating how it used environmental, social and governance factors in its funds, one of the first cases that questioned ESG claims by money managers.

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