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Deutsche Bank Staff Saw Suspicious Activity in Trump and Kushner Accounts
NYT ^ | May 19, 2019 | David Enrich

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 ...


TOPICS: Business/Economy; Editorial; Germany; News/Current Events
KEYWORDS: banking; deutschebank; fakenews; kusher; kushner; newyorkslimes; nyt; trump; trumpfamily
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To: yesthatjallen

faaaaaaake


41 posted on 05/20/2019 8:32:00 AM PDT by ßuddaßudd ((>> M A G A << "What the hell kind of country is this if I can only hate a man if he's white?")
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To: old-ager

“All you have to do is transfer 10000 or more to get flagged.”

Dennis Hastert, House Speaker during the Coward Bush’s presidency, thought that, too.

https://www.washingtonpost.com/news/the-fix/wp/2015/05/28/why-dennis-hastert-got-indicted-by-the-feds/?noredirect=on&utm_term=.da1525ed0850


42 posted on 05/20/2019 8:34:58 AM PDT by treetopsandroofs
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To: grey_whiskers; Magnatron
I thought that was the dictionary definition of structuring, which is what got former Speaker of the House, Denny Hastert, in trouble...

I was going to state the same thing. While the bank employees were probably trying to be helpful, what they were doing is technically illegal. It is a crime to deliberately structure transactions to avoid reporting thresholds.

43 posted on 05/20/2019 8:35:15 AM PDT by CommerceComet (Hillary: A unique blend of arrogance, incompetence, and corruption.)
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To: yesthatjallen

They are making a mountain out of a mole hill. Typically, this is primarily triggered based solely on the amount of the transaction. Currency Transaction reports and Suspicious Activity Reports are sent to about 3 regulatory bodies. They are the ones who determine if there is cause to investigate further and potentially bring charges. Apparently, there wasn’t much to look at. If there had been, Trump would already be gone because of it . . . most all of the entrenched bureaucrats are looking to take him down.


44 posted on 05/20/2019 8:35:29 AM PDT by RatRipper
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To: yesthatjallen

45 posted on 05/20/2019 8:35:41 AM PDT by JPG (MAGA!)
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To: yesthatjallen

Yes, as socialists they smelled profits in the deals of these men and THAT is suspicious Nein Komrade?


46 posted on 05/20/2019 8:42:00 AM PDT by jmaroneps37 (Conservatism is truth. Liberalism is lies.)
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To: yesthatjallen

Hearsay.


47 posted on 05/20/2019 8:43:19 AM PDT by _Jim (Save babies)
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To: butlerweave

IIRC several of the bank’s bigwigs killed themselves in the last couple of years.


48 posted on 05/20/2019 8:44:05 AM PDT by ryderann
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To: old-ager

“Banks are bullshit and so is this article.” I wouldn’t exactly blame the banks, as the starting point would be Federal laws they might be following. Some of it started with global Federal legislation blackmailing the Swiss into changing their banking institutions into agencies of various governments designed to rat out anyone with foreign bank accounts regardless of any perceived illegalities. No more privacy, except if you want to kill the unborn, then you are home free, until you arrive at your eternal home where you will then pay for that privacy.


49 posted on 05/20/2019 8:44:08 AM PDT by wita (Always and forever, under oath in defense of Life, Liberty and the pursuit of Happiness.)
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To: Magnatron

Yeah that’s a felony. And if a bank employee told you to do that they’re an idiot


50 posted on 05/20/2019 8:54:13 AM PDT by sharkhawk (Chelsea Dagger)
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To: ryderann

I’m thinking McCain’s banking friends are wanting back in the pipeline.


51 posted on 05/20/2019 9:18:33 AM PDT by cnsmom
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To: ryderann

I’m thinking McCain’s banking friends are wanting back in the pipeline.


52 posted on 05/20/2019 9:24:23 AM PDT by cnsmom
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To: Magnatron

In the past decade or so, I’ve personally withdrawn and/or deposited cash of more than $10,000 and received no notices from either my bank or the government. I’m quite sure that the bank notified the gov’t, but so what? I could show where the money came from or went and nothing I did was illegal, immoral or fattening. The bank did however request I give them prior notice of any such withdrawal so as to have the cash ready.


53 posted on 05/20/2019 9:26:53 AM PDT by Roccus (When you talk to a politician...ANY politician...always say, "Remember Ceausescu")
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To: yesthatjallen

Liars pushing unverifiable fake news.


54 posted on 05/20/2019 9:30:01 AM PDT by anton
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To: yesthatjallen
"Money flowing back and forth"?????

H O R R O R S !!!!!
55 posted on 05/20/2019 9:33:19 AM PDT by headless_thompson_gunner
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To: yesthatjallen
Oh, yeah. That Deutsche Bank. From last year....

Deutsche Bank's Legal Troubles Just Don't Seem to End: Timeline

56 posted on 05/20/2019 9:34:12 AM PDT by mewzilla (Break out the mustard seeds.)
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To: mewzilla
Another fascinating link....

Violation Tracker on DB

57 posted on 05/20/2019 9:35:59 AM PDT by mewzilla (Break out the mustard seeds.)
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To: yesthatjallen
And a not so oldie but a good from 2017....

Deutsche Bank Fined in Plan to Help Russians Launder $10 Billion

58 posted on 05/20/2019 9:38:02 AM PDT by mewzilla (Break out the mustard seeds.)
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To: CommerceComet

[It is a crime to deliberately structure transactions to avoid reporting thresholds. ]


It’s time to de-criminalize this. The thing with people, including cops, is that if you give them a hammer, they start seeing everything as a nail.


59 posted on 05/20/2019 9:42:04 AM PDT by Zhang Fei (My dad had a Delta 88. That was a car. It was like driving your living room.)
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To: yesthatjallen

I’m guessing that the NYT didn’t find anything suspicious in the Russians “donating” $140 MILLION to the Clinton Foundation or Biden’s kid getting MILLIONS from the Ukraine and China.


60 posted on 05/20/2019 9:50:34 AM PDT by euram (is)
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