Deutsche Bank employees reportedly flagged suspicious transactions involving Trump and Kushner.
Anti-money laundering specialists at Deutsche Bank flagged multiple transactions involving Donald Trump and his son-in-law, Jared Kushner, from 2016 and 2017. Those specialists recommended the activity be reported to the federal government's financial crimes unit,But top executives at the global financial giant rejected that advice, current and former employees told The Times.
“We have increased our anti-financial crime staff and enhanced our controls in recent years and take compliance with the laws very seriously," Kerrie McHugh, a Deutsche Bank spokeswoman, said in a statement."An effective program requires sophisticated transaction screening technology as well as a trained group of individuals who can analyze the alerts generated by that technology both thoroughly and efficiently.
"You present them with everything, and you give them a recommendation, and nothing happens," McFadden told The Times."It’s the D.B. way. They are prone to discounting everything." Then, after Trump became president, an internal anti-financial crime team reviewed the president's transactions and"produced multiple suspicious activity reports involving different entities that Mr. Trump owned or controlled," three former bank employees who saw the reports told The Times.
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