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Germany's largest lender, Deutsche Bank, has not conveyed suspicions to US authorities over transactions involving US President Donald Trump, the New York Times reported on Sunday, prompting the company to issue a denial on Monday. .
"At no time has an investigator been prevented from escalating a potentially suspicious activity," said a spokesman for the bank at the AFP news agency.
"The assertion that anyone would have been reassigned or fired for the purpose of erasing a customer's concerns is totally false," he added.
The New York Times reported that Deutsche had not followed the recommendations of its own money laundering specialists that certain transactions by companies controlled by Trump and his son-in-law, Jared Kushner, should be reported to the authorities.
Certain transactions in 2016 and 2017, including with entities and individuals outside the United States, triggered automated alerts in the bank's systems, prompting employees to prepare "suspicious activity reports" on certain from among them.
But leaders "have rejected the advice of their employees" to send them to the Treasury, the New York Times reported.
Former employees interviewed by the newspaper, some speaking on condition of anonymity, have alleged a culture of blocking suspicious activity reports in order to protect Deutsche Bank's customer relations, l & # 39; one of them claiming that she had been fired for raising concerns.
Deutsche Bank was one of the few major banks to continue lending to Trump after the bankruptcies of its casinos and other businesses in the 1990s. It lent it "billions," according to the New York Times.
"We have strengthened our staff in the fight against financial crime and strengthened our controls in recent years and we take very seriously the enforcement of the anti-money laundering legislation," said the door. of Deutsche Deutsche.
While the lender has brought its compliance staff to approximately 3,000 people worldwide, its performance in prosecuting financial crime has not satisfied some authorities.
Last year, the German market watchdog group Bafin made the unprecedented decision to appoint the KPMG audit firm as an independent monitor of Deutsche Bank's progress in reducing money laundering. 39, money and other illicit activities.
This role was extended to the so-called "correspondent bank" after Deutsche Bank was dragged into a massive money-laundering scandal around Danske Bank in Denmark.
Trump refuses money to Russia
The announcement that Deutsche Bank is suspected of having laundered billions of dollars of criminals related to the Kremlin and the Russian secret service has added to the controversy surrounding Trump's ties.
Trump, who was negotiating the construction of a skyscraper in Moscow since the beginning of his presidential race, has been prosecuted for two years by allegations of abusive relations with Russian entities.
Responding Monday to the Times newspaper, he denied that Deutsche Bank is the only lender willing to deal with him or that Russia has nothing to do with his fortune.
"Where did he get all that money, would it be Russia?" No, I built a big company and I do not need banks, but if I did, they would be there, "said Trump on Twitter, adding that Deutsche Bank was very good and very professional to deal with."
"If for some reason I did not like them, I would go elsewhere … there was always a lot of money and the banks to choose from, and they would be very happy to take my money. " he tweeted.
Two House committees have summoned Deutsche Bank and several other financial institutions to appear in their inquiries into Trump's finances. Trump, his family, and the Trump organization filed a lawsuit to prevent them from complying.
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