Trump’s relationships with Deutsche Bank have drawn scrutiny in Congress and elsewhere. Trump sued the bank last month to prevent it from complying with Congressional subpoenas.
Deutsche Bank ignored employees’ calls to report transactions made by legal entities controlled by President Donald Trump and Jared Kushner to the Treasury Department’s financial crimes unit, according to the New York Times. Transactions in 2016 and 2017 triggered automated controls at Deutsche Bank meant to catch illicit activity, and compliance workers then prepared what’s known as suspicious activity reports that they believed should be sent to the Treasury, according to the Times, which cited five current and former bank employees. But the reports were never filed with the government, the article states. The red flags raised by employees don’t mean the transactions were improper, the Times said. The newspaper said it couldn’t determine the exact nature of the transactions, but that some of them involved funds flowing overseas, which typically brings greater scrutiny.
