Deutsche Bank employees report suspicious activities by Trump and Kushner, reports New York Times

by



[ad_1]

The Times reports that Deutsche Bank employees reported transactions in 2016 and 2017, and that at least one of the reports implicated the Donald J. Trump Foundation, which has now disappeared.

Deutsche Bank officials have rejected the opinion of their specialists, according to the Times, who said the recommendations had never been filed with the Financial Crime Network of the Treasury Department.

The Times, which has spoken with five current and former employees of Deutsche Bank, also said that the nature of the transactions "was not clear", although the newspaper adds that "at least some of them involved "money exchanges with entities or individuals abroad, which bank employees considered suspicious".

The report states that alarm signals issued by employees "do not necessarily mean that transactions were irregular".

The report is significant in part because Deutsche Bank has been one of the few major banks to lend money to the Trump Organization in recent years. Trump's activities borrowed more than $ 300 million from Deutsche to finance a golf course in Florida and hotels in Chicago and Washington, according to financial information and reports published from 2012 to 2015.

CNN Business was not able to immediately verify any of the claims contained in the Times report.

Deutsche Bank told CNN Business Sunday in an e-mail: "We have strengthened our staff in the fight against financial crime and strengthened our controls in recent years, and we take very seriously the compliance with the LBC / BSA legislation. and a group of trained individuals who can analyze the alerts generated by this technology in a thorough and effective way. "

"At no time has an investigator been identified with a potentially suspicious activity, and it is completely wrong to suggest that anyone be reassigned or fired in order to eliminate concerns about any client." ", the statement said.

The Times reported that several employees said the bank had criticized them after complaining about the bank 's anti – money laundering process.

The Kushner companies said in a statement: "The New York Times is trying to create outrageous stories that are totally wrong when they run out of things to write for."

Spokespeople from the Trump Organization and the Treasury Department did not immediately respond to a request for comment from CNN Business.

A spokesman for the Trump Organization told The Times that the company had "no knowledge of transactions" with flag "with Deutsche Bank." A spokesman for Kushner companies told the newspaper that "any allegations about relations between Deutsche Bank and Kushner companies involving money laundering are completely false and totally false".

The relationship between Trump and Deutsche Bank has been examined in recent weeks. Last month, Trump, three of his children and his company filed a lawsuit against Deutsche Bank and Capital One to prevent them from handing over financial documents to Congressional committees that issued subpoenas.

Cristina Alesci from CNN contributed to this report.

[ad_2]

Source link