DFSA obtains court orders against Deutsche Bank

theflyonthewall.com

On its website, the Dubai Financial Services Authority, DFSA, said: "The DIFC Courts have declared that Deutsche Bank AG (Dubai International Financial Centre branch), was in material non-compliance with requirements to produce information and documents to the Dubai Financial Services Authority, DFSA. The DFSA filed proceedings in the DIFC Courts on 31 October 2013 seeking orders that Deutsche Bank AG deliver information and documents, relating to a DFSA investigation into the conduct of Deutsche Bank AG...Deutsche Bank AG consented to the Court Orders and agreed to produce specified information and documents to the DFSA within 28 days and ensure that any consolidated response is verified by a statement of truth. Deutsche Bank AG also agreed to pay the DFSA’s costs in respect of the proceedings."

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