Newsnewsrcwrtneoconstieronepostersplaywithpoo

Sun May 19, 2019, 07:26 PM

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.

Sign Up For the Morning Briefing Newsletter

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.

--clip
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.”

Ms. McFadden said she was terminated last year after she raised concerns about the bank’s practices. Since then, she has filed complaints with the Securities and Exchange Commission and other regulators about the bank’s anti-money-laundering enforcement.

More...

https://www.msn.com/en-us/news/politics/deutsche-bank-staff-saw-suspicious-activity-in-trump-and-kushner-accounts/ar-AABAq97

11 replies, 238 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 11 replies Author Time Post
Reply Deutsche Bank Staff Saw Suspicious Activity in Trump and Kushner Accounts (Original post)
RCW2014 May 19 OP
foia May 19 #1
RCW2014 May 19 #3
foia May 19 #4
RCW2014 May 19 #5
foia May 19 #7
RCW2014 May 19 #8
foia May 19 #9
RCW2014 May 19 #10
Let it go May 19 #2
His Daughter May 19 #6
def_con5 May 20 #11

Response to RCW2014 (Original post)

Sun May 19, 2019, 07:32 PM

1. Too funny

The anti-Trump MSM just can't let it go.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to foia (Reply #1)

Sun May 19, 2019, 07:46 PM

3. This little "ditty" is just getting wound up if the wires are any indication.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to RCW2014 (Reply #3)

Sun May 19, 2019, 07:52 PM

4. Indictments by Friday?

Or in 24 business months?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to foia (Reply #4)

Sun May 19, 2019, 08:02 PM

5. Oh no, just the continued "drip, drip, drip" although I would love to see that scrapping

of slime, kushner, released into the general pop of any prison.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to RCW2014 (Reply #5)

Sun May 19, 2019, 09:43 PM

7. Riiiight, just like they'd all be frog-marched out of The White House

at the end of The Mueller investigation.

How'd that work out fer ya?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to foia (Reply #7)

Sun May 19, 2019, 09:56 PM

8. You won't find a post by me suggesting that would/will happen.

Work that one "out fer me, k?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to RCW2014 (Reply #8)

Sun May 19, 2019, 10:16 PM

9. Well, you're doing it now

Reply to this post

Back to top Alert abuse Link here Permalink


Response to foia (Reply #9)

Sun May 19, 2019, 10:25 PM

10. Fail.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to RCW2014 (Original post)

Sun May 19, 2019, 07:45 PM

2. OMG. Were they getting paid off by Putin? Bwahahahahaha.

The deep psychological need to “get” Trump is too enmeshed to fix. He’s driving his enemies NUTZ.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to RCW2014 (Original post)

Sun May 19, 2019, 08:15 PM

6. Some of mine have been flagged in the past

The parametrics on the the monitoring software is much tighter than Federal requirements. No bank wants to be caught dirty so they are very conservative.

My transfers were legal, and in fact were a duplicate of some my father did while he was alive. It involved how the trust managed the homestead and how some things were paid for. Sat down with my bank and explained it to them. No problems afterwards and few if any reports filed.

It used to be only larger cash transactions were reportable. These days, it includes wire transfers and other payments and is more pattern focused. Whatever you do, don't ever deposit cash above $5K or withdraw a similar or larger amount in cash. Reports will be automatically generated and eventually you may be called to account for choosing to live a cash lifestyle.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to RCW2014 (Original post)

Mon May 20, 2019, 09:05 AM

11. This is pretty normal

bank SW flagged it, some folks though the reports should have been issued. Reviewed by the compliance committee, no violations found.

BTW, according to MSNBC, thus proves Russian Collusion, and Schiff is going to bring all this out.

Reply to this post

Back to top Alert abuse Link here Permalink

Newsnewsrcwrtneoconstieronepostersplaywithpoo