The Strategist

Donald Trump is suspected in money laundering


05/20/2019 - 15:49



The US watchdogs keep searching for information about possible foreign interference in the election campaign of Donald Trump. The media reported that the counter money laundering department of Deutsche Bank in 2016 and 2017 demanded to check information on international financial transactions made by Donald Trump and his son-in-law Jared Kushner. However, the bank’s management rejected this request. According to The New York Times (NYT), the bank’s computer system has identified these transactions as suspicious, but management of the financial institution decided not to send this information to the US Treasury for verification.



Gage Skidmore
Gage Skidmore
One of the divisions of Deutsche Bank considered financial transactions by Trump Foundation now-defunct, five former and current employees of the bank told the NYT newspaper. According to them, the computer system of the financial institution considered these transactions suspicious. According to internal rules, information about them should be transferred to the US Treasury for subsequent verification.

The newspaper did not provide details, stating only that some of them were committed between companies affiliated with the Trump Foundation. A number of transfers were also made to the accounts of foreign companies and individuals "in other states."

Former bank employees told the newspaper that the decision to hide information about suspicious transactions is contrary to the bank’s usual policy.

The Deutsche Bank itself responded to a request from The Hill newspaper and stated that they were “very serious” about information about possible money laundering. In turn, a representative of The Trump Organization said that she was unaware of any suspicious financial transfers related to this bank. “Now we do not have active accounts at Deutsche Bank,” said Amanda Miller. A representative of Jared Kushner's companies Karen Zabarsky made a similar statement, specifying that President’s son-in-law hasn’t had any relations with the bank “for a long time”.

As American media remind, Deutsche Bank is the main financial institution with which companies associated with the business empire of Donald Trump worked.

However, in connection with the search for information on the possible foreign influence on the future president during a pre-election campaign, data on bank transfers may also be attached to the case. Within the investigation into “possible foreign interference in the political process in the United States,” Congress also requested information about the personal finances of the president. For now, both banks and customers are silent, and at the end of April, US President Donald Trump and his family members, as well as the Trump Organization and Donald J. Trump Revocable Trust, that manages the presidential family’s finances, filed a lawsuit against Deutsche Bank and Capital One to prohibit order disclosures.

source: nytimes.com, thehill.com




More
< >

Thursday, August 15th 2019 - 09:48 Is Argentina making a left turn once again?