Federal Bureau Of Investigation Conducts Criminal Probe
The Federal Bureau of Investigation has an active criminal examination into whether Deutsche Bank broke anti-money laundering laws, the New York Times states.
Agents have reportedly tried to build contact with a former Deutsche Bank compliance employee who sounded the alarm about transactions made by Kushner Companies, the family business of President Trump’s son-in-law and White House adviser, Jared Kushner.
Those transactions purportedly involved money that was sent to Russian realities. The bank reportedly did not file suspicious activity reports with the Treasury Department, as would have been required by law.
FBI agents also reportedly contacted the son of a deceased executive from the German lender’s U.S. branch, who sat on the oversight board of one of the bank’s subsidiaries. The man’s son reportedly supplied the government with internal bank documents and messages.
“Agents told the son, Val Broeksmit, that the Deutsche Bank investigation began with an inquiry into the bank’s work for Russian money launderers and had since expanded to cover a broader pattern of potential misconduct at the bank and at other financial institutions,” the article reads.
The criminal investigation comes as multiple House panels are probing Trump’s financial history. Those investigations have included warrants to Deutsche Bank, which are now being sued in the Second Circuit Court of Appeals as the President fights to stop them from being carried out.