Australia’s corporate regulator has imposed a A$2 million ($1.3 million) penalty on Deutsche Bank for incorrectly reporting more than 260,000 over-the-counter (OTC) derivative transactions.
According to the Australian Securities and Investments Commission (ASIC), the infringement notice was issued after the regulator found that the bank failed to accurately report the ‘direction’ field data for foreign exchange and commodities transactions between October 21, 2024 and August 15, 2025.
ASIC said the reporting failures were systemic and reflected shortcomings in Deutsche Bank’s internal reporting framework. The regulator concluded that the inaccuracies affected a significant number of OTC derivative transaction reports.
The regulator also stated that Deutsche Bank has cooperated with the investigation and is implementing measures to prevent similar reporting errors in the future.
The bank declined to comment on the matter.
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