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Deutsche Bank has agreed to pay more than $130m to end a US government investigation into violations of the Foreign Corrupt Practices Act (FCPA) in 2009-16, involving bribes paid to individuals in Saudi Arabia and the UAE to secure contracts. Deutsche Bank admitted to the US authorities that it paid bribes of at least $1.1m to a British Virgin Islands company owned by a Saudi business development consultant who was the wife of a client.
(Access to one 401-800 word article)
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