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Deutsche Bank anti-money laundering personnel reportedly recommended turning over information about transactions by entities owned by President Trump and his son-in-law Jared Kushner to a government watchdog in 2016 and 2017, but the bank’s executives apparently declined to do so.
The transactions, including some connected to the now dissolved Trump Foundation, were flagged by the bank’s computer system, which was set up to find unlawful activity, five current and former employees told The New York Times. After this, staffers reportedly put together suspicious activity reports they thought should be sent to the Treasury Department for investigation.
The article goes on to state the following:
The reports, however, were not filed with the department, according to the newspaper. The Times reports that it was not clear what the transactions were, but some of them involved money going between the entities and foreign companies or individuals.
Deutsche Bank employees charged with spotting illicit activity repeatedly encountered potentially suspicious transactions by companies controlled by President Trump and his family members. But bank managers dismissed the concerns as unwarranted. https://t.co/nmUvX63t5w
— The New York Times (@nytimes) May 19, 2019
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