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May 20, 2019

Deutsche Bank Ignored Internal Warnings About "Suspicious" Trump & Kushner-Related Transactions
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The New York Times is reporting that Deutsche Bank ignored employees'
warnings about President Trump's financial transactions and their
recommendations to report them to the Treasury Department's financial
crimes unit. Anti-money-laundering specialists flagged "suspicious
activity" after transactions related to both Trump and Jared Kushner
from 2016 and 2017 raised alarm. The New York Times report says that
Deutsche Bank's decision not to heed those warnings was part of a
pattern to protect relationships with high-value clients. Deutsche Bank
denies the claims, as did representatives for both the Trump
Organization and Kushner's businesses.
Previously, The New York Times reported Deutsche Bank loaned over $2
billion to Trump for real estate deals over nearly two decades, even
when other banks refused to do so. President Trump sued Deutsche Bank
last month in an effort to block them from turning over financial
records to congressional committees.


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