Current and former employees say the bank chose to ignore warnings by anti-money laundering specialists.
In 2016 and 2017, computer systems that screen for potential money laundering at Deutsche Bank flagged transactions conducted by legal entities owned by President Donald Trump and White House adviser Jared Kushner as suspicious.
Anti-money laundering specialists at the bank took note, and recommended that the transactions be reported to a financial crimes watchdog at the US Treasury Department. But executives at Deutsche Bank dismissed the recommendations — and the report compiled by the specialists was never sent to the government.
That’s according to an exclusive report by the New York Times’ David Enrich, which raises questions about the relationship between Trump and Deutsche Bank, and that has also opened up yet another set of questions about potential corruption and conflict-of-interest in the White House.
According to the Times, five current and former bank employees claim that Deutsche Bank chose to ignore the concerns raised by the anti-money laundering specialist unit.
Many details about the transactions are murky, and it’s unclear if there was any wrongdoing.
