JACKSONVILLE - Anti-money laundering specialists at Deutsche Bank recommended in 2016 and 2017 that multiple transactions involving legal entities controlled by Donald Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog.
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. 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.
what is the use of Anti Money laundering systems if alerts are not investigated ? Deutsche Bank staff saw suspicious activity in Trump and Kushner accounts and management chose to ignore it. Will there be any fines on Deutsche Bank so that other banks take AML seriously?
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