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Deutsche Bank failed to report on suspicious transfers to Russian persons made by Trumps son in law

A number of Suspicious Activity Reports got blocked by management at the New York.
As per the reported information, Mr. Jared Kushner (Donald Trump’s son-in-law).
The transactions were flagged as suspicious by the transaction monitoring system and STR were drafted by the AML team.
These sort of reports are to be independent as per statutory requirements, nonetheless management got involved and dismissed then claiming no base for suspicion.


As per reported information, this was not the first time that management interfered.
The reports were produced after one Mr. Kushner’s Companies paid unnamed Russian persons in the summer 2016.

Source:

https://www.riskscreen.com/kyc360/news/deutsche-banks-aml-team-sought-sars-on-trump-kushner-nyt/

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Jaime Prieto

Mr. Jaime Prieto is a lawyer experienced in Financial Crime, Anti-Money Laundering and Counter Terrorism Financing having extensive professional experience in both public and private sectors. Mr. Prieto has been a Head of Compliance in the European Union, the Americas and the Caribbean for banks, trust companies, asset managers, Big Four audit and advisory firms, RegTechs, government agencies and other types of financial professionals. In addition to his experience, he has been legal and educational chair in several compliance and sectorial organisations and performed as a teacher and speaker for a number of organisations and in several local and international forums. Furthermore, Mr. Prieto is an experienced Money Laundering Reporting Officer anda Data Protection officer with additional experience in risk management.

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