Deutsche Bank has not reported multiple suspicious transactions flagged by its anti-money laundering specialists despite their recommendations, the NYT writes. Transactions involving bank accounts belonging to legal entities controlled by Donald J. Trump and Jared Kushner were not reported to the Treasury Department’s Financial Crimes Enforcement Network despite the compliance staff members believing them to be suspicious. According to Deutsche Bank former employees, some of the transactions were with overseas entities and individuals considered suspicious.
After Trump became president, the Jacksonville-based Special Investigations Unit took over reviewing his and his companies’ transactions. Despite producing multiple reports involving Trump-controlled or owned companies, none of the reports were filed to the financial watchdog.