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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDeutsche Bank employees reported suspicious activity from Trump and Kushner, New York Times reports
Last edited Mon May 20, 2019, 03:22 AM - Edit history (2)
(applegrove:
The bank executives get bonuses that Trump pulling his money out of the bank would destroy. He is that big. This is bribery at the top of banks these bonuses. See 60 Minutes story tonight on executives ignoring dirty money in europe too. Maybe they should lose their bonuses in the years they covered up corruption? Or maybe the financial penalties for bank corruption should go to whistleblowers even if they are the owners of the dirty money? That would make the execs not trust corruption.
CNN story
Deutsche Bank employees reported suspicious activity from Trump and Kushner, New York Times reports
By Jill Disis, CNN
https://www.cnn.com/2019/05/19/business/deutsche-bank-trump-kushner/index.html
"SNIP......
New York (CNN Business)Deutsche Bank's anti-money laundering specialists once recommended that transactions involving entities controlled by President Donald Trump and his son-in-law, Jared Kushner, be reported to a US agency that investigates financial crimes, according to a new report in the New York Times.
The Times reports that Deutsche Bankemployees flagged the transactions in 2016 and 2017, and that at least one of the reports involved the Donald J. Trump Foundation, which is now defunct.
Executives at Deutsche Bank rejected the advice of their specialists, according to the Times, which reported that the recommendations were never filed with the Treasury Department's Financial Crimes Enforcement Network.
The Times, which spoke with five current and former Deutsche Bank employees, also said the nature of the transactions "was not clear," though the newspaper added that at least some of them involved "money flowing back and forth with overseas entities or individuals, which bank employees considered suspicious."
......SNIP"
And the 60 Minutes story:
https://www.cbsnews.com/news/how-the-danske-bank-money-laundering-scheme-involving-230-billion-unraveled-60-minutes-2019-05-19/?ftag=CNM-00-10aab7d&linkId=67601961
BigmanPigman
(51,675 posts)afterwards. Her managers were supposed to report it but they didn't and fired her instead and collected hefty bonuses. Why are they still employed and not in jail?
moondust
(20,030 posts)They said it's basically up to the big banks to do their due diligence and stop it. Unfortunately, I don't see that happening with Dump and Barr mismanaging the DOJ. Dump is likely neck deep in the Russian money laundering himself so he doesn't have the moral authority or respect for the rule of law to go after others. It's liable to get worse, not better.
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