WASHINGTON: Anti-money laundering specialists at Deutsche Bank AG recommended in 2016 and 2017 that multiple transactions involving entities controlled by President Donald Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog, the New York Times reported on Sunday .
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, according to the newspaper. One employee who reviewed some of the transactions said she was terminated last year after raising concerns about the bank's practices, the Times reported.The Times quoted a Deutsche Bank spokeswoman as saying investigators were not prevented from escalating activity identified as potentially suspicious. The spokeswoman described as"categorically false" any suggestion that bank staff were reassigned or fired in an effort to quash concerns related to any client.
The newspaper said a Kushner Companies spokeswoman called any allegations of relationships involving money laundering"made up and totally false."
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