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 ...
faaaaaaake
“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.
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.
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.
Yes, as socialists they smelled profits in the deals of these men and THAT is suspicious Nein Komrade?
Hearsay.
IIRC several of the bank’s bigwigs killed themselves in the last couple of years.
“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.
Yeah that’s a felony. And if a bank employee told you to do that they’re an idiot
I’m thinking McCain’s banking friends are wanting back in the pipeline.
I’m thinking McCain’s banking friends are wanting back in the pipeline.
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.
Liars pushing unverifiable fake news.
Deutsche Bank's Legal Troubles Just Don't Seem to End: Timeline
Deutsche Bank Fined in Plan to Help Russians Launder $10 Billion
[It is a crime to deliberately structure transactions to avoid reporting thresholds. ]
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.
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