NEW YORK — The FBI has reached out to a lawyer for a former Deutsche Bank employee who complained that the bank was ignoring suspicious transactions, including some involving Jared Kushner's family real estate company. The former Deutsche Bank anti-money laundering specialist, Tammy McFadden, told The New York Times in May that she had recommended that the bank alert the Treasury Department to a series of money transfers from the Kushner Cos. to Russian individuals in 2016, but the bank decided against it. McFadden's lawyer, Brian McCafferty, told the Times in a story published Wednesday that he was recently contacted by the FBI about his client. Deutsche Bank declined to comment on the Times story, other than to say it will cooperate with any "authorized investigations." Kushner Cos. released a statement saying "any allegations regarding Deutsche Bank's relationship with Kushner Companies which involved money laundering is completely made up and totally false." McCafferty did … [Read more...] about FBI eyes Deutsche Bank after money-laundering report
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Sections SEARCH Skip to content Skip to site index Politics Subscribe Log In Log In Today’s Paper Politics | On Politics: Trump and Kushner Raised Flags at Deutsche Bank Advertisement Supported by May 20, 2019 Good Monday morning. Here are some of the stories making news in Washington and politics today. _____________________ • Anti-money-laundering specialists at Deutsche Bank proposed filing “suspicious activity reports” about transactions connected to President Trump and his son-in-law, Jared Kushner. But executives at the bank, which has lent billions of dollars to their companies, rejected their employees’ advice. • Unemployment is low, companies are adding jobs and the G.D.P. is growing. So why are Republicans so focused on cultural issues? Blame the president’s impulses. • Representative Justin Amash of Michigan, an iconoclastic Republican, became the first … [Read more...] about On Politics: Trump and Kushner Raised Flags at Deutsche Bank
World Donald Trump Politics President Donald Trump may have committed bank fraud if he lied to Deutsche Bank about his net worth in order to obtain a loan, California Congressman Ted Lieu said this week, noting that some of Trump’s associates have gone to prison for similar crimes. “The American people must not become numb to these disturbing reports. We now have further evidence that Donald Trump may have repeatedly committed bank fraud, a felony under 18 U.S.C. 1344,” Representative Lieu told Newsweek. “While I am pleased the New York Attorney General is holding him accountable for potential violations of New York law, such unconditional willingness to abuse the system for personal gain hurts all Americans," he added. "Congress can and will assert its role as a co-equal branch of government by examining the President’s finances, self-dealing, and possible crimes. Let’s not forget that Michael Cohen—the President’s former … [Read more...] about Donald Trump May Have Committed Bank Fraud and Congress Will Investigate, Democratic Congressman Says
Sections SEARCH Skip to content Skip to site index Business Subscribe Log In Log In Today’s Paper Business | Regulators Move to Ease Post-Crisis Oversight of Wall Street Advertisement Supported by ByAlan Rappeport March 6, 2019 WASHINGTON — Federal regulators moved on Wednesday to ease oversight of Wall Street firms by scaling back two major mechanisms that were imposed to scrutinize big financial companies in the wake of the financial crisis. The Federal Reserve said that it would no longer give banks a passing or failing grade on a portion of the annual stress tests given to ensure a bank had sufficient resources to lend during an economic downturn. Eliminating the pass-fail system will reduce the urgency of banks to “pass” the tests, which determine whether firms can return capital to shareholders in the form of higher dividends or buybacks. Separately, a federal oversight council … [Read more...] about Regulators Move to Ease Post-Crisis Oversight of Wall Street
POLITICAL consultant Paul Manafort is a US lobbyist and lawyer who joined Donald Trump’s campaign team in March 2016. We take a look at why he was on trial, his upcoming sentencing and what the US President has said about him. Why is Paul Manafort on trial? Paul Manafort, 69, has been under investigation by various federal agencies in the US. He is a person of interest in the FBI probe looking into possible interference in the 2016 presidential election by the Russian government. The charges against him related to his consulting work for the pro-Russian government of Viktor Yanukovych in the Ukraine. Manafort surrendered to the FBI on October 30, 2017. The charges against him include: conspiracy against the United States, conspiracy to launder money, failure to file reports of a foreign bank and financial accounts and being an unregistered agent of foreign principal. In August, 2018, Manafort was found guilty of five tax fraud charges, one charge of hiding foreign bank accounts … [Read more...] about Why was Paul Manafort on trial, when is he due to be sentenced and when was he Trump’s campaign manager?