Will Deutsche Bank be Trump's nemesis?


The culprit
It is pathetic that a bank would have an "anti-money laundering" department but in my naive moment there is the realization that these are the times and all we can do is cope with it. Deutsche Bank employees in that section 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."
It had to do with transactions connected to the now-dissolved Trump Foundation, discovered by the bank's computer system, designed to reveal illegal activity. Five current and former employees were involved, which led to a later report they thought should be sent to the Treasury Department for investigation. It wasn't. The transactions weren't spelled out...
"some of them involved money going between the entities and foreign companies or individuals."
The NYT says it ain't necessarily true because "sometimes complete large cash transactions that can cause a review to be triggered without any actual wrongdoing." Thus, the reason for no report. Apparently Deutsche Bank treads lightly on this kind of issue according to Tammy McFadden, a former Deutsche Bank employee who looked into some of the transactions. She continued, “It’s the D.B. way. They are prone to discounting everything.”

The Hill reported...
"McFadden told the Times that she was fired after she questioned the bank's practices and has since filed complaints to regulators about what she sees as its lack of enforcement."
Well now, that doesn't seem kosher, and is it just another example of the shady deals of the Trump family? The Hill also says...
"Deutsche Bank has loaned billions of dollars to the Trump and Kushner companies. Federal and state authorities are currently reviewing the bank's relationship with President Trump."
The NYT also revealed the...
"staff of Deutsche Bank were hired especially for their expertise of money-laundering."
Now doesn't that beat all. Trump biographer David Cay Johnston said...
“We know for a fact that Donald Trump has been involved in money laundering in the past, fined for it. We know that Deutsche Bank is fined over $600 million just for laundering money for Russian oligarchs and are nondenial denials. The Trump Organization said we never heard of this. Why would you? It was locked up in the bank. The bank said we didn’t stop anyone. The story makes it clear.”
Finally, from the Times...
“So, in addition, The Times has a pregnant line in it. It says that is there are other, ‘politically connected people’ who also were swept up,” Johnston said. 'It’s clear that David Enrich, a very good reporter at The New York Times has seen these documents and other people whose money laundering suspicion of money laundering activities were also apparently quashed by the people at the private banking unit of Deutsche Bank in New York. This is for Donald Trump a really serious problem.'”
We can only hope that David Cay Johnston's assessment is correct.

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