Color me unsurprised.
Courtesy of NYT:
Anti-money laundering specialists at Deutsche Bank recommended in 2016 and 2017 that multiple transactions involving legal entities controlled by Donald J. Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog.
The transactions, some of which involved Mr. Trump’s now-defunct foundation, set off alerts in a computer system designed to detect illicit activity, according to five current and former bank employees. Compliance staff members who then reviewed the transactions prepared so-called suspicious activity reports that they believed should be sent to a unit of the Treasury Department that polices financial crimes.
But executives at Deutsche Bank, which has lent billions of dollars to the Trump and Kushner companies, rejected their employees’ advice. The reports were never filed with the government.
The nature of the transactions was not clear. At least some of them involved money flowing back and forth with overseas entities or individuals, which bank employees considered suspicious.
The article goes on to say that real estate developers like Trump and Kushner often deal with large sums of cash that come from foreign entities and that in of itself that does not indicate illegal activity, but according to sources Deutsche Bank has a history of looking the other way when wealthy clients like Kushner and Trump break the rules or even the law.
Besides, we know now that Trump rarely allows anything as insignificant as the law stand in his way when he has the chance to make money.
I am pretty convinced that when Congress gets their hands on these bank records it will lead to all sorts of discoveries that Trump is desperate to keep hidden.