Executives at Deutsche Financial institution rejected the recommendation of their specialists, in keeping with the Instances, which reported that the suggestions had been by no means filed with the Treasury Division’s Monetary Crimes Enforcement Community.
The Instances, which spoke with 5 present and former Deutsche Financial institution workers, additionally stated the character of the transactions “was not clear,” although the newspaper added that a minimum of a few of them concerned “cash flowing forwards and backwards with abroad entities or people, which financial institution workers thought of suspicious.”
The report says the pink flags raised by workers “don’t essentially imply the transactions had been improper.”
CNN Enterprise couldn’t instantly confirm any of the claims within the Instances report.
Deutsche Financial institution advised CNN Enterprise in an emailed assertion Sunday: “We’ve got elevated our anti-financial crime workers and enhanced our controls in recent times and take compliance with the AML/BSA legal guidelines very critically. An efficient AML program requires refined transaction screening know-how in addition to a skilled group of people who can analyze the alerts generated by that know-how each completely and effectively.”
“At no time was an investigator prevented from escalating exercise recognized as probably suspicious. Moreover, the suggestion that anybody was reassigned or fired in an effort to quash considerations regarding any shopper is categorically false,” the assertion stated.
The Instances reported that a number of workers stated the financial institution criticized them after they complained in regards to the financial institution’s anti-money laundering course of.
The Kushner Firms stated in an announcement: “The New York Instances tries to create scandalous tales that are completely false once they run out of issues to jot down about.”
Spokespeople for the Trump Group and the Treasury Division didn’t instantly reply to a request for remark from CNN Enterprise.
A Trump Group spokesperson advised the Instances that the corporate had “no data of any ‘flagged’ transactions with Deutsche Financial institution.” A Kushner corporations spokesperson advised the newspaper that “any allegations relating to Deutsche Financial institution’s relationship with Kushner Firms which concerned cash laundering is totally made up and completely false.”
CNN’s Cristina Alesci contributed to this report.