The German bank entered into the agreement with Brooklyn federal prosecutors remotely. The criminal complaint charges the bank with two counts including conspiracy to violate the Foreign Corrupt Practices Act and wire fraud conspiracy affecting a financial institution.
The bank did agree 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 of these matters, reflect our transparency and determination to put these matters firmly in the past,” Hunter said in the statement.
“As recognized in the resolutions, we have taken significant remedial actions in response to these issues. As a broader matter, in the years since these issues occurred, we have invested more than EUR 1 billion in data, technology, and controls, as well as improved our training and operational processes. We have increased our anti-financial crime team to more than 1,600 people globally, and we’ll continue to invest significantly in technology this year and in the future, particularly as it relates to anti-financial crime compliance.”