Compliance Radar

Who was sanctioned, and for what?

Fines, court rulings and incidents from Europe and North America: 756 cases from 32 jurisdictions, each with an official source and checked against that source before publication. Filter by country, area of law and sector. Click a chart to drill down one level.

USA Financial services and insurance DWS Investment Management Americas Inc. Clear all filters

1case from 1 jurisdiction

€17.9mTotal of monetary amounts

€17.9mLargest single case: DWS Investment Management Americas Inc.

€17.9mMedian per case with an amount

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Where?

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Federal level €17.9m 100 % · 1 case

What for?

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All areas of law

Environment and sustainability €17.9m 100 % · 1 case

Who?

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When?

per quarter, by date of decision

Trend
Period	Cases	Total
Q3 2023	1	€17.9m
Q4 2023	0	—
Q1 2024	0	—
Q2 2024	0	—
Q3 2024	0	—
Q4 2024	0	—
Q1 2025	0	—
Q2 2025	0	—
Q3 2025	0	—
Q4 2025	0	—
Q1 2026	0	—
Q2 2026	0	—
Q3 2026	0	—

1 case

Newest first Highest amounts

25 Sep 2023 DWS Investment Management Americas Inc.DWS Investment Management Americas: 19 million USD for misleading ESG statements USAMisleading environmental and sustainability claims €17.9m

From 2018 until the end of 2021, the Deutsche Bank subsidiary presented ESG as part of its ‘DNA’ but did not implement the ESG integration policies it had promised. It is paying 19 million USD for the ESG misstatements; in separate proceedings over deficiencies in its anti-money laundering programme, a further 6 million USD was added.

What organisations can take from it

ESG marketing statements must be backed by processes that are actually practised and documented; otherwise they become a regulatory risk.

Relevance to training and awareness

Truthful sustainability communication in sales and marketing

Authority / court: U.S. Securities and Exchange Commission (SEC)
Area of law: Environment and sustainability · Misleading environmental and sustainability claims
Legal basis: Sections 206(2), 206(4) Investment Advisers Act; Rules 206(4)-7 und 206(4)-8
Action: Fine
Status of proceedings: final
Sector: Financial services and insurance
Published: 25 Sep 2023

Original amount 19,000,000 USD, converted at the ECB reference rate of 25 Sep 2023.

Sources

Deutsche Bank Subsidiary DWS to Pay $25 Million for Anti-Money Laundering Violations and Misstatements Regarding ESG Investments Press release of an authority

Checked against the official source on 25 Sep 2026 · Direct link

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How the radar is compiled

Official sources only

Every case is based on a decision, press release or database of an authority or a court. Press and law-firm reports count at most as additional references.

Four-eyes check

Whoever enters a case may not approve it. A second, independent check compares company, date, amount and area of law with the source. Only then is the case published.

Comparable amounts

Amounts are converted at the ECB reference rate on the day of the decision. Each case also shows the original amount.

Corrections on record

A correction is a new version that is checked again. Every change is logged. You can report errors directly on each case.

Case texts are translated from the German original. Where a translation is not yet available, the German text is shown and marked “(German original)”. Names of authorities, laws and companies are given as in the source.

The radar reports on published decisions and is not legal advice. Decisions that are not yet final are marked as such where the status is known.

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