South Africa tour of India 2019
Trump’s Bank Transactions flagged
The transactions which are defaulted, set off an alarm in a computer system designed to detect illicit activities. The multiple transactions in Deutsche Bank, which were controlled by president Trump and his son-in-law Jared Kushner, will be reported to a federal financial crimes watchdog, as the alarm triggered.
Anti-money laundering specialist at the Deutsche Bank AG recommended in the year 2016-17 that the multiple entries were controlled by the president and his son-in-law. The executives at the German Based bank had lent billions of dollars to the companies which belonged to Trump and Kushner, the employed advice was rejected and reports were never filled with the government.
The alarm triggered the so-called suspicious activities and then the compliance staff members reviewed the transactions and reports were made. The staff members believed that these reports must be sent to the treasury department that deals with financial crimes.
However, all this was denied by the Bank as well as the spoke persons of Trump’s companies and the spoke person of Kushner companies.
Comments