Deutsche Bank Staff Saw Suspicious Activity in Trump and Kushner Accounts

By David Enrich
May 19, 2019

JACKSONVILLE, Fla. — "Anti-money-laundering specialists at Deutsche Bank recommended in 2016 and 2017 that multiple transactions involving legal entities controlled by Donald J. Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog.

The transactions, some of which involved Mr. Trump’s now-defunct foundation, set off alerts in a computer system designed to detect illicit activity, according to five current and former bank employees. Compliance staff members who then reviewed the transactions prepared so-called suspicious activity reports that they believed should be sent to a unit of the Treasury Department that polices financial crimes.

But executives at Deutsche Bank, which has lent billions of dollars to the Trump and Kushner companies, rejected their employees’ advice. The reports were never filed with the government.

The nature of the transactions was not clear. At least some of them involved money flowing back and forth with overseas entities or individuals, which bank employees considered suspicious..."

https://www.nytimes.com/2019/05/19/business/deutsche-bank-trump-kushner.html

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Floridatexan wrote:
By David Enrich
May 19, 2019

JACKSONVILLE, Fla. — "Anti-money-laundering specialists at Deutsche Bank recommended in 2016 and 2017 that multiple transactions involving legal entities controlled by Donald J. Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog.

The transactions, some of which involved Mr. Trump’s now-defunct foundation, set off alerts in a computer system designed to detect illicit activity, according to five current and former bank employees. Compliance staff members who then reviewed the transactions prepared so-called suspicious activity reports that they believed should be sent to a unit of the Treasury Department that polices financial crimes.

But executives at Deutsche Bank, which has lent billions of dollars to the Trump and Kushner companies, rejected their employees’ advice. The reports were never filed with the government.

The nature of the transactions was not clear. At least some of them involved money flowing back and forth with overseas entities or individuals, which bank employees considered suspicious..."

https://www.nytimes.com/2019/05/19/business/deutsche-bank-trump-kushner.html

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Like he says"I'm smart."

Judge rules against Trump in financial records fight with Congress


By The Associated Press | Posted: Mon 4:56 PM, May 20, 2019 | Updated: Mon 5:10 PM, May 20, 2019

WASHINGTON (AP) - WASHINGTON (AP) — A federal judge in Washington has ruled against President Donald Trump in a financial records dispute with Congress.

Judge Amit Mehta's ruling says Trump cannot block the House subpoena of financial records.

The decision comes amid a widespread effort by the White House and the president's lawyers to refuse to cooperate with congressional requests for information and records.

Trump and his business organization had sued to block the subpoena issued in April to Mazars USA, an accountant for the president and Trump Organization.

Mehta, a U.S. District judge, was nominated to his position by President Barack Obama.

https://www.wkyt.com/content/news/Judge-rules-against-Trump-in-financial-records-fight-with-Congress-510179321.html?ref=321

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