Anti-money laundering investigators at Deutsche Bank flagged to bank executives multiple suspicious transactions on President Donald Trump and Jared Kushner’s accounts in 2016 and 2017, according to a Sunday New York Times report.
Five current and former Deutsche Bank employees told the New York Times that after computer alerts flagged suspicious activity, the specialists would put together recommendations urging bank executives to report the activity to the Treasury Department.
However, executives refused to act on the recommendations and kept the reports from the Department.
Tammy McFadden, an ex-Deutsche Bank employee who reviewed such alerts, said she found that money had been moved from Kushner Companies to Russian individuals. McFadden claimed she was later fired in retaliation for questioning the bank’s handling of potential money laundering schemes.
Since Deutsche Bank is the only mainstream financial institution in the U.S. to loan the Trump family money anymore, the bank’s come under heavy scrutiny as Democrats seek to dig into Trump’s business dealings.
The President personally sued the bank in April to prevent it from complying with House Democrats’ subpoenas of Trump’s financial records.
