New York – FBI Eyes Deutsche Bank After Money-laundering Report

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    FILE - The logo of German bank Deutsche Bank hangs on the facade of a stone building in downtown Frankfurt Main, Germany, 31 May 2019.  EPA-EFE/ARMANDO New York – The FBI has reached out to a lawyer for a former Deutsche Bank employee who complained that the bank was ignoring suspicious transactions, including some involving Jared Kushner’s family real estate company.

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    The former Deutsche Bank anti-money laundering specialist, Tammy McFadden, told The New York Times in May that she had recommended that the bank alert the Treasury Department to a series of money transfers from the Kushner Cos. to Russian individuals in 2016, but the bank decided against it.

    McFadden’s lawyer, Brian McCafferty, told the Times in a story published Wednesday that he was recently contacted by the FBI about his client.

    Deutsche Bank declined to comment on the Times story, other than to say it will cooperate with any “authorized investigations.”

    Kushner Cos. released a statement saying “any allegations regarding Deutsche Bank’s relationship with Kushner Companies which involved money laundering is completely made up and totally false.”

    McCafferty did not respond to messages left by The Associated Press.

    Banks are required to report certain suspicious transactions to the Treasury Department, but have discretion over what triggers a report. Transactions are typically vetted at several levels at banks and many are ultimately not sent to Treasury. Financial institutions reported more than 2 million suspicious transactions last year. Most such reports don’t lead to a criminal case.

    In a report in the Times in May, McFadden criticized the bank’s practices, saying it had a pattern of rejecting proposed suspicious activity reports involving prized clients.

    Jared Kushner, the president’s son-in-law, was CEO of Kushner Cos before the election, but stepped down afterward to become one of Trump’s senior advisers.

    The Times in May also reported, citing anonymous former and current bank employees, that several transactions involving President Donald Trump’s company were flagged at the bank as suspicious but were not passed on to the Treasury Department.

    The Trump Organization did not respond to email and text messages from The Associated Press seeking comment.

    Two congressional committees have subpoenaed Deutsche Bank documents as part their investigations into President Donald Trump and his company. Deutsche Bank has been one for the few banks willing to lend to Trump after a series of corporate bankruptcies and defaults starting in the early 90s.

    Trump had sued Deutsche Bank to stop the subpoenas, but a judge in May ruled against the president.


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    4 Comments
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    4 years ago

    This Trunp profiling nonsense is getting sickening already. You guys had your chance and.no collusion delusion and our AG acquited Trump of obstruction.
    Enough already. Just because it says Trump or kushner on something doesn’t mean you have to investigate the kishkas out of them till you find a gottcha moment . Yes they do complex deals and money flows from many places . They are millionaires with international ties and deals. It’s immoral and unfair to continue to make them crazy. We need to pass a new law banning Trump profiling. yes I know people will say but what about Clinton profilong. Firstly I am not a fan of that either unless it brings out the point that Hillary is incompetent. More importantly, that’s Hillary personally. They never investigated all of hillarys associates and kids and family to death like the wicked fake deep state. This has to stop. Let them live

    4 years ago

    This Trunp profiling nonsense is getting sickening already. You guys had your chance and.no collusion delusion and our AG acquited Trump of obstruction.
    Enough already. Just because it says Trump or kushner on something doesn’t mean you have to investigate the kishkas out of them till you find a gottcha moment . Yes they do complex deals and money flows from many places . They are millionaires with international ties and deals. It’s immoral and unfair to continue to make them crazy. We need to pass a new law banning Trump profiling. yes I know people will say but what about Clinton profilong. Firstly I am not a fan of that either unless it brings out the point that Hillary is incompetent. More importantly, that’s Hillary personally. They never investigated all of hillarys associates and kids and family to death like the wicked fake deep state. This has to stop. Let them live

    BH-Baby
    BH-Baby
    4 years ago

    Apparently, TRump had the illegal and sanctioned Russian bank guarantee TRump’s personal loans to Deutsche Bank ($300 MILLION) and hundreds of millions to the TRump family crime syndicate … Silicone Ivanka, Baby-face Jerad and Jared’s mama.

    ——————————————————————

    TRump’s AG will not charge our POTUS of obstruction because of long standing DOJ policies.

    The Congress can still impeach him for obstructing justice. That is their constitutional right. And obligation.