Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 103

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 103
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2027. Eventually, once the package has been implemented, AMLA will directly supervise certain cross-border financial sector entities in the highest risk category, which is expected to include Deutsche Bank, facilitate cooperation among financial intelligence units and coordinate national authorities. Generally, the requirements (such as know-your-customer requirements) currently set out in the German AML Act ( Geldwäschegesetz) and the German Banking Act apply to all business lines and infrastructure units as well as all subsidiaries and affiliates that undertake AML-relevant business and in which Deutsche Bank AG has a dominating influence. A robust and effective internal control environment and adequate infrastructure (comprising people, policies and procedures, controls, testing, IT systems and data) are necessary to ensure that the bank conducts its business and performs its processes in general in compliance with the laws, regulations, and associated supervisory expectations. The bank continually enhances the effectiveness of its internal control environment and improves its infrastructure to revised regulatory requirements and to close gaps identified by the bank and/or by regulators and monitors. Combatting financial crime and complying with applicable laws and regulations is vital to ensuring the stability of banks, such as Deutsche Bank, and the integrity of the international financial system. Deutsche Bank is required to comply with economic sanctions laws and regulations in the jurisdictions in which it operates, including sanctions administered and enforced by the United Nations Security Council, the European Union, the United States, the United Kingdom, and other sanctions measures imposed by governments in jurisdictions where the bank acts, as applicable. Deutsche Bank therefore implements a risk-based compliance program reasonably designed to comply with applicable sanctions. As sanctions continue to increase in breadth and complexity, this necessitates continued updating of the bank’s policies, procedures, processes, and controls. Deutsche Bank, its management board and supervisory board members and its employees, as the case may be, are subject to fraud, bribery and corruption laws and regulations under the German Criminal Code ( Strafgesetzbuch) and in the other countries in which it conducts business. The UK Bribery Act 2010 has extraterritorial impact and requires Deutsche Bank to design and develop appropriate measures to mitigate bribery and corruption risk and to administer controls and safeguards to mitigate such risks. Data Protection and Cyber Risk Deutsche Bank has to comply with all applicable data protection laws in the countries in which it operates. In Germany and the other European Union Member States, the regulation on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, also referred to as the