Tag: potential money laundering

Deutsche Bank Staff Saw Suspicious Activity in Trump and Kushner Accounts

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.

View the complete May 19 article by David Enrich on The New York Times website here.

Dems unleash sprawling probe of Trump family, administration

Democrats on the House Judiciary Committee unleashed a sprawling probe of President Trump‘s family, campaign, business and administration on Monday that includes more than 80 requests for documents.

The investigation under Judiciary Chairman Jerrold Nadler (D-N.Y.) will focus on three key areas: obstruction of justice, public corruption and abuses of power. Nadler rolled out the expansive investigation less than a week after the president’s former attorney Michael Cohen delivered explosive public testimony against him on Capitol Hill.

Democrats will be looking at those involved in the June 2016 Trump Tower meeting between Trump campaign officials and a Russian lawyer linked to the Kremlin, the Trump Organization’s plans to build a Trump property in Moscow and a scheme to pay off two women who alleged they had affairs with Trump before the 2016 election.<