Deutsche Bank Staff Saw Suspicious Activity in Trump and Kushner Accounts

So many executive orders, so much twitter. What to do? Well, discuss it here for one...

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TrueTexan
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Deutsche Bank Staff Saw Suspicious Activity in Trump and Kushner Accounts

#1 Post by TrueTexan » Sun May 19, 2019 2:17 pm

There are good reasons why Trump doesn’t want his financial records examined.
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.

Real estate developers like Mr. Trump and Mr. Kushner sometimes do large, all-cash deals, including with people outside the United States, any of which can prompt anti-money laundering reviews. The red flags raised by employees do not necessarily mean the transactions were improper. Banks sometimes opt not to file suspicious activity reports if they conclude their employees’ concerns are unwarranted.

But former Deutsche Bank employees said the decision not to report the Trump and Kushner transactions reflected the bank’s generally lax approach to money laundering laws. The employees — most of whom spoke on the condition of anonymity to preserve their ability to work in the industry — said it was part of a pattern of the bank’s executives rejecting valid reports to protect relationships with lucrative clients.

“You present them with everything, and you give them a recommendation, and nothing happens,” said Tammy McFadden, a former Deutsche Bank anti-money laundering specialist who reviewed some of the transactions. “It’s the D.B. way. They are prone to discounting everything.”
More on this at NYT link.

https://www.nytimes.com/2019/05/19/busi ... shner.html

Money laundering is a crime even when you’re the President. Lock ‘Em Up.
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Re: Deutsche Bank Staff Saw Suspicious Activity in Trump and Kushner Accounts

#2 Post by Bisbee » Sun May 19, 2019 2:48 pm

How has America come to this? A pussy-grabbing money laundering con-artist for a president?!?
"It is better to be violent, if there is violence in our hearts, than to put on the cloak of non-violence to cover impotence. There is hope for a violent man to become non-violent. There is no such hope for the impotent." -Gandhi

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Re: Deutsche Bank Staff Saw Suspicious Activity in Trump and Kushner Accounts

#3 Post by Wino » Sun May 19, 2019 2:58 pm

Can we impeach just because he's a dick in addition to being akin to a mobster??

Damn!!! I'm not sure I can make it to November 2020 without slitting my wrist with this POS remaining POTUS. INDEED, HOW DID AMERICA COME TO THIS DREADFUL PLACE IN HISTORY!!!????
"Being Republican is more than a difference of opinion - it's a character flaw."
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Re: Deutsche Bank Staff Saw Suspicious Activity in Trump and Kushner Accounts

#4 Post by JohnNewell » Wed Jun 05, 2019 11:10 am

Wino wrote:
Sun May 19, 2019 2:58 pm
Can we impeach just because he's a dick in addition to being akin to a mobster??

Damn!!! I'm not sure I can make it to November 2020 without slitting my wrist with this POS remaining POTUS. INDEED, HOW DID AMERICA COME TO THIS DREADFUL PLACE IN HISTORY!!!????
I now know how many Germans felt as Hitler came to power. This cannot end well.

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Re: Deutsche Bank Staff Saw Suspicious Activity in Trump and Kushner Accounts

#5 Post by SubRosa » Wed Jun 05, 2019 2:31 pm

" INDEED, HOW DID AMERICA COME TO THIS DREADFUL PLACE IN HISTORY!!!???? "

Simple. Half the people are stupid and got off their fat bigoted asses to vote for that crook.

So...let's see what WE can do in '20.

SR
Ammon Bundy is AL's brother...

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