Deutsche Bank denies report that it ignored warnings on suspicious ‘transactions’ by Trump

cde.news desk 21 May 2019, 11:34 · 1 min read

epa07537378 (FILE) - Shareholders enter a venue during the Deutsche Bank Annual General Meeting 2017 in Frankfurt Main, Germany, 18 May 2017 (re-issued 30 April 2019). President Trump, his children Donald Jr., Eric, Ivanka, along with his business, are suing Deutsche Bank and Capital One in an attempt to stop them from turning over financial records to Congress. EPA-EFE/ARMANDO BABANI

Deutsche Bank on Monday denied a report by The New York Times that alleged anti-money laundering specialists at Deutsche Bank AG in 2016 and 2017 recommended multiple transactions involving entities controlled by President Donald Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog.

The article, which cited five current and former Deutsche Bank employees, said executives at the German-based bank, which has lent billions of dollars to the Trump and Kushner companies, rejected their employees’ advice and the reports were never filed with the government.

“At no time was an investigator prevented from escalating activity identified as potentially suspicious,” Deutsche Bank said in a statement on Sunday. “Furthermore, the suggestion that anyone was reassigned or fired in an effort to quash concerns relating to any client is categorically false.”

via DW / New York Times

Topics Deutsche Bank Donald Trump