DWS to pay $25 mln to end US probe into greenwashing, other issues

(Reuters) Deutsche Bank-controlled (DBKGn.DE) investment firm DWS will pay $25 million to settle charges over misstatements regarding its environmental, social, and governance (ESG) investing and failures in policies designed to prevent money laundering, U.S. regulators said on Monday.

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

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