Politics

Deutsche Bank AG: Suspicious Activities with Mr. Trump?

The New York Times reported that 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.

According to the article, the transactions set off alerts in a computer system designed to detect illicit activity. 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. However, executives at Deutsche Bank rejected the specialists´ recommendations and the reports were never filed with the government.

The red flags raised do not necessarily mean that the transactions were improper.