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Anti-money laundering specialists at Deutsche Bank recommended in 2016 & 2017 that suspicious activity in Trump and Kushner accounts be reported but Deutsche execs refused to file the suspicious activity reports that had been prepared with FinCEN.
#Maddow nyti.ms/2Ht1Czs
#Maddow nyti.ms/2Ht1Czs
Former Deutsche Bank employees said the decision not to report the Trump and Kushner transactions – some of which involved money flowing back & forth with overseas entities or individuals – reflects Deutsche’s lax approach to money laundering laws.
#Maddow
#Maddow
Tammy McFadden, a former Deutsche anti-money laundering specialist who reviewed some of the illicit transactions involving Trump and Kushner accounts [which Deutsche execs refused to report to FinCEN], was fired last year after raising concerns about the bank’s practices.
#Maddow
#Maddow
Deutsche compliance staff prepared suspicious activity reports/SARs on transactions involving Trump’s foundation which set off alerts in a computer system designed to detect illicit activity, but Deutsche execs refused to file the SARs with FinCEN.
#Maddow
#Maddow
The illicit activity involved Trump and Kushner overseas transactions, according to 5 current and former Deutsche employees. Kushner Cos was moving money to Russian individuals. Trump's foundation was also flagged for suspicious activity.
via @davidenrich
via @davidenrich
Recall from Jan 2018: "Trump administration waives punishment for convicted banks, including Deutsche."
#Maddow
#Maddow
Deutsche Bank managing director Rosemary Vrablic, who met Trump when he sued the bank in 2008 then steered $300M+ in loans to him in the years prior to 2016 and $285M to Kushner in Oct 2016, attended Trump's inaugural as a VIP.
#Maddow
#Maddow
Justin Kennedy [son of Justice Kennedy who in 2017 retired early so Trump could appoint Kavanaugh] spent more than a decade at Deutsche Bank where he worked closely with Trump. During Justin’s tenure, Deutsche became Trump’s most important lender.
#Maddow
#Maddow
Chris Burnham, former Deutsche Bank vice chairman and founder of their direct private equity group, served on Trump's transition team and was named as 1 of 7 new directors for EN+, right after the Trump admin lifted sanctions on Oleg Deripaska companies.
"Around the same time Trump received his new line of credit, Deutsche Bank was laundering Russian money. Billions flowed from Moscow to NY. Was the timing of this illicit operation and the loans to Trump coincidental?" [NO.]
#Maddow bit.ly/2BL84gp
#Maddow bit.ly/2BL84gp
In 2002, Putin made Andrey Kostin head of Russian state-run bank, VTB [with whom Cohen and Sater were negotiating in 2016 for the Trump Moscow Tower project]. In 2007, Kostin's son became Deputy Chairman of Deutsche Bank's Russian Management Board
#Maddow
#Maddow
Feb 14, 2019: "Mary Daly, Barr’s oldest daughter, will leave her current job in the deputy AG’s office for a position at the Financial Crimes Enforcement Network [FinCEN], Treasury's financial crimes unit, which has had its own Russian intrigues."
#Maddow
#Maddow
