We know Trump is far from an honest or decent man. Evidence of his character flaws are numerous and can be easily found. That is for anyone who is really concerned with learning the truth. Therefore it is proper and necessary for senate democrats to push the Federal Reserve , who regulates Deutsche Bank operations in the US, to look into transaction transactions by legal entities controlled by Trump and Jared Kushner.
A group of Democratic senators want top officials at the Federal Reserve to examine whether Deutsche Bank complied with anti-money-laundering and other laws after bank employees flagged transactions tied to President Trump as potentially suspicious.
The request, in a letter sent Thursday, was in response to a New York Times report about specialists at Deutsche Bank recommending that transactions by legal entities controlled by Mr. Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crime regulator. Managers at the bank rejected their employees’ advice and did not alert the government.
The letter to the Fed chairman, Jerome H. Powell, and John C. Williams, the president of the Federal Reserve Bank of New York, called on the Fed to look into the transactions and whether the bank’s handling of the matter adhered to anti-money-laundering laws. The Fed is one of the main regulators of Deutsche Bank’s American operations.
“Only by conducting a thorough review of the full range of this activity can we better understand what happened in these cases; what practices, procedures, or personnel may need to be changed at the bank; and what regulators should do to ensure the Federal Reserve’s ability effectively to monitor compliance with anti-money laundering laws,” the senators wrote.
Employees in Deutsche Bank’s Jacksonville, Fla., office flagged the transactions in 2016 and 2017 — during the presidential campaign and Mr. Trump’s first year in office. The German lender was the only mainstream financial institution consistently willing to do business with Mr. Trump over the past two decades because of his repeated defaults.
The employees said the handling of the Trump and Kushner transactions was part of a pattern of the bank’s executives rejecting valid reports to protect relationships with lucrative clients. The bank had disputed that view…
When you’re dealing with someone like Trump, a man without either an ethical or moral compass, it is imperative to be thorough when investigating, and, to e sure to dig very deep.