Deutsche Bank was ordered to pay $2 million for incorrectly reporting more than 260,000 over-the-counter derivative transactions, according to an Australian financial regulator.
The Australian Securities and Investments Commission issued the infringement notice against Deutsche Bank for foreign exchange and commodities transactions between Oct. 21, 2024, and Aug. 15, 2025.
The bank failed to accurately report the direction field data for 20,483 outstanding transactions and 244,091 terminated or matured transactions across 208 business days, ASIC said.
Deutsche Bank cooperated with ASIC's investigation and is working to prevent future errors, the regulator said. The bank now has a remediation program in place to address the issues ASIC identified and to strengthen its derivative transaction reporting governance and controls framework, according to a source familiar with the matter.
This marks Deutsche Bank's second monetary penalty of the year. The UK's Office of Financial Sanctions Implementation fined a London branch of the bank £165,000 ($221,000) for processing payments for a Russian company in violation of sanctions.
Vietnam will fine domestic investors up to VND50 million (US$1,900) for trading crypto assets through unlicensed platforms under a new decree governing the country's pilot digital asset market.
The government issued Decree 284, introducing administrative penalties for violations involving crypto assets.
The decree, effective Sept. 1, marks the first time Vietnam has imposed penalties on domestic investors who trade crypto assets outside service providers licensed by the Ministry of Finance.
Under the new rules, individuals trading crypto assets through organizations not licensed by the ministry will face fines ranging from VND30 million to VND50 million.