“Deutsche Bank withheld Trump money laundering Suspicions in 2016 and 2017.” Deutsche Bank anti-money laundering specialists reported several transactions in 2016 and 2017 from US President Donald Trump and his son-in-law Jared Kushner.
They wanted the transactions to be passed on to the national regulator, but those at the top of the bank decided not to follow this advice.
As a result, the reports never reached the government, according to reports based on five former and current employees of Deutsche Bank.
The bank lent a total of billions of dollars to the Trump and Kushner accompanies and is said to have protected such profitable business links more often.
The transactions, including the now-closed Trump foundation, were considered suspicious by banking software.
Bank employees then ruled that a report on money flows should be sent to the Ministry of Finance, but their superiors did not do this.
Deutsche Bank and Trump deny the or reporting
Deutsche Bank denies the reporting and says that suspicious activities have never been withheld.
Shares of the bank have fallen by about 2.8 percent due to the news.
This Thursday, Deutsche Bank must address shareholders at the annual meeting,
which will also discuss other concerns such as the possible merger and the shaky position of the bank.
Trump also refused the news in a stream of tweets on Monday.
He states that at the time he had so much cash that he didn’t need any banks, and denies that he received money from Russia.