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Deutsche Bank Staff Saw Suspicious Activity in Trump and Kushner Accounts

By APOCALYPSEFUCKisShostikovitch following x   2019 May 19, 4:18pm 231 views   11 comments   watch   nsfw   quote     share    


https://www.nytimes.com/2019/05/19/business/deutsche-bank-trump-kushner.html

By David Enrich

May 19, 2019

JACKSONVILLE, Fla. — 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.

Real estate developers like Mr. Trump and Mr. Kushner sometimes do large, all-cash deals, including with people outside the United States, any of which can prompt anti-money laundering reviews. The red flags raised by employees do not necessarily mean the transactions were improper. Banks sometimes opt not to file suspicious activity reports if they conclude their employees’ concerns are unwarranted.

But former Deutsche Bank employees said the decision not to report the Trump and Kushner transactions reflected the bank’s generally lax approach to money laundering laws. The employees — most of whom spoke on the condition of anonymity to preserve their ability to work in the industry — said it was part of a pattern of the bank’s executives rejecting valid reports to protect relationships with lucrative clients.

“You present them with everything, and you give them a recommendation, and nothing happens,” said Tammy McFadden, a former Deutsche Bank anti-money laundering specialist who reviewed some of the transactions. “It’s the D.B. way. They are prone to discounting everything.”
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Deutsche Bank employees flagged concerns about activity in accounts linked to both Mr. Kushner and Mr. Trump.CreditPablo Martinez Monsivais/Associated Press

Ms. McFadden said she was terminated last year after she raised concerns about the bank’s practices. Since then, she has filed complaints with the Securities and Exchange Commission and other regulators about the bank’s anti-money-laundering enforcement.

Kerrie McHugh, a Deutsche Bank spokeswoman, said the company had intensified its efforts to combat financial crime. An effective anti-money laundering program, she said, “requires sophisticated transaction screening technology as well as a trained group of individuals who can analyze the alerts generated by that technology both thoroughly and efficiently.”

“At no time was an investigator prevented from escalating activity identified as potentially suspicious,” she added. “Furthermore, the suggestion that anyone was reassigned or fired in an effort to quash concerns relating to any client is categorically false.”

Amanda Miller, a spokeswoman for the Trump Organization, the umbrella company for the Trump family’s many business interests, said: “We have no knowledge of any ‘flagged’ transactions with Deutsche Bank.” She said the Trump Organization currently has “no operating accounts with Deutsche Bank.” She did not respond when asked if other Trump entities had accounts.
1   HEYYOU   ignore (26)   2019 May 19, 9:56pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

House Committees,State AGs -Shit can happen.
2   Expat01   ignore (1)   2019 May 20, 2:55am   ↑ like (0)   ↓ dislike (0)   quote   flag        

It's okay because he is rich and he empowers mullet-headed racist cunts who vote for misogynistic, rich white men. If Trump were a democrat or, heaven forbid, a nigger, then this would be important. So, carry on...nothing to see here.
3   APOCALYPSEFUCKisShostikovitch   ignore (38)   2019 May 20, 3:48am   ↑ like (0)   ↓ dislike (0)   quote   flag        

DB's work on behalf of organized crime in recent years has been so extensive that the fucking German finance police are practically living in the bank these days in Germany.

You don't prosecute a bank this deeply in the pocket of organized crime. You pull it's fucking charter.

DB is the only bank that doesn't burst into laughter and call security when Trump shows up. That's all you need to know.
4   Tenpoundbass   ignore (14)   2019 May 20, 5:59am   ↑ like (1)   ↓ dislike (0)   quote   flag        

So is this something the FBI is supposed to look into or is it something where Maxine Waters walks on down to the branch and demands to see Trump's books?

You mean to tell me, Comey could have bit Trump in the Ass at anytime with Trump's bad Bank records but failed to do so?
I wonder how many hours Mueller has personally perused over every financial document that has ever been in Trump's hands?

This sounds like a big nothing Pizza.
5   BlueSardine   ignore (2)   2019 May 20, 6:19am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Zimmerman is innocent.
7   BigFrank   ignore (0)   2019 May 22, 3:57pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Fake News!!! Trump is above reproach! Republicans are NEVER TO BE CRITICIZED!!!

Focus all your energy on SJW's and Liberals, because AMERICA! HATES! FREEDOM! and LIBERTY!!
8   jazz_music   ignore (7)   2019 May 22, 4:15pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

APOCALYPSEFUCKisShostikovitch says
DB's work on behalf of organized crime in recent years has been so extensive that the fucking German finance police are practically living in the bank these days in Germany.

You don't prosecute a bank this deeply in the pocket of organized crime. You pull it's fucking charter.

DB is the only bank that doesn't burst into laughter and call security when Trump shows up. That's all you need to know.
DB may be the most unapproachable of all banks with its ties to the Rothschild family.

My pet conspiracy theory holds that key international DB customers, Trump currently, are bound by Rothschilds to fortify Israel no matter what it costs, as a part of the deal. That is one explanation for the mystery of why USA always backs Israel no matter how crazy they act up.
9   APOCALYPSEFUCKisShostikovitch   ignore (38)   2019 May 22, 4:41pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

That's why they're called theories. Accountants, underwriters and lawyers talk as soon as you point to a jail cell. If there were underwriting terms like this in any note or any loan discussion it would be common documented knowledge pretty fast.
10   jazz_music   ignore (7)   2019 May 22, 5:21pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

APOCALYPSEFUCKisShostikovitch says
That's why they're called theories. Accountants, underwriters and lawyers talk as soon as you point to a jail cell. If there were underwriting terms like this in any note or any loan discussion it would be common documented knowledge pretty fast.
Ok no argument BUT I imagined the “real deal” as being unwritten as from a private meeting between the president and the Rothschilds patriarchy. Such a deal would explain so much in the historical record of our policy regarding the Middle East.

I know that would be something right out of The Godfather, but it makes sense.
11   APOCALYPSEFUCKisShostikovitch   ignore (38)   2019 May 22, 6:29pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

There is no current policy regarding the Middle East besides do everything that Obama wouldn't and make libby head asplode.

You are looking for a pattern when all there is here is a big weird twinky guy with too much family money who got pulled into DB's real business, laundering crime money, after he bankrupted the family business. That's it. He's a side effect of the Soviet dissolution. I wish it was more interesting.

By all accounts, the blowout of the casinos should have been the end of him but for someone hooking him up to a DB lender in NY who believed his schtick. Once fuckface was in the building, DB figured out quickly that Trump would sell to anyone under any terms, from any funding source, no questions asked - which made him the perfect vehicle for serving DB's real clients: fugitives with hot cash from Russia and the Soviets.

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