Posted on 05/20/2019 7:47:03 AM PDT by yesthatjallen
Anti-money-laundering specialists at Deutsche Bank recommended in 2016 and 2017 that multiple transactions involving legal entities controlled by Donald J. Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog.
The transactions, some of which involved Mr. Trump’s now-defunct foundation, set off alerts in a computer system designed to detect illicit activity, according to five current and former bank employees. 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.
But executives at Deutsche Bank, which has lent billions of dollars to the Trump and Kushner companies, rejected their employees’ advice. The reports were never filed with the government.
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.
(Excerpt) Read more at nytimes.com ...
The campaign of whispers, rumors, and innuendos continues.
OH NO, THEY’RE DOOOOOOOOOOMED!!!!!
That explains the “Russian money laundering” drama on 60 Min last night.
LOL. Funny how I never saw an article about “suspicious activity” in the Clinton bank accounts. That would be a good story.
Not one source was named, nor any criminal charges cited.
The NYT sucks swamp water.
5.56mm
So... did they see any ACTUAL CRIMES?
I love when the libtards keep saying “Mueller’s report said Trump WANTED to commit crimes but they didn’t follow his orders”
I ask them “If I tell the police you WANTED TO rob a bank, but didn’t, should you go to jail for that?”
All you have to do is transfer 10000 or more to get flagged. It is happening to you constantly. Banks are bullshit and so is this article.
Anonymous “sources” again, they admit their bosses didn’t think it was anything unusual, so no reports were filed ...
IOW, the Slimes making a big deal out of nothing, AGAIN, to try to smear Trump ... the desperation reeks with these people
“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.”
Based on unnamed sources, right New York Slimes? We’re seeing a nonstop, hardly “silent” coup against this president each and every day!
Move more than $10K in a month through your bank account in multiple transactions and you can run afoul of the Anti-Money Laundering (AML) bots.
You see the same thing with man-made global warming claims.
All the mainstream media outlets come out with the same articles on the same day.
The only way that happens is if there is a single outlet feeding them the same 'narrative'.
Oh look! Another unproven, unsubstantiated news story on the Trump family. Shouldn’t the FBI hire some spies, and send a FISA warrant application on Barron Trump to the Court?
And remember Billyboy's "pass through accounes..... In in the AM out by PM....
The money could have gone anywhere without a trace.....offshore, numbered accounts, hedge funds, foundations, etc.
Many foreign govt figures gave the Clintons huge amounts of money. ......(smirk) to "do-good."
Coup campaign 2.0
Recall that both Pelosi and Romney have said that they can’t impeach Trump because there’s no public will for it.
The plan is to now run a 24-7 smear campaign to “justify” their impeachment which will happen early next year as part of the campaign.
The message will be “don’t vote for Trump or he will be impeached”
The point is to create a unified 'narrative' of rumors and innuendos.
This is to keep the lunatic base going.
This is what the nyt does for a living: try to destroy Republicans and other normal people.
Mass suicides when realization dawns.
Exactly!
"The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) Reporting RequirementsThe milestones used by banks are $2,000 and $10,000. Anything under $2,000 is typically considered safe and private. If the withdrawal is over $2000 but under $10,000, then it is up to the bank employee’s discretion as to whether or not someone is acting “suspicious”. The bank is required to report the withdrawal if suspicious activity is observed. If everything goes normally, then there should be no problems and no reporting, especially if the transaction is a normal activity for the account’s history.
How much cash can you withdraw from a bank before a red flag? Withdrawals of $10,000 cash or more in the same day raise a red flag and must legally be reported by the bank. Multiple withdrawals in the same day are considered to be the same transaction, so withdrawing $5,000 in the morning and $5,000 later in the day would satisfy the $10,000 required for the bank to report it. U.S. law also requires bank customers to report all transactions over $10,000. Failure to do so could trigger a federal investigation."
this is part of the “we gotta see his tax returns”....of all the things Trump has done..his not releasing his tax returns drives the media just insane. They are used to republicans cowering and bowing down to them...heh heh...
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