Reuters: Deutsche Bank Faces FBI Investigation Into AML Compliance
The U.S. Federal Bureau of Investigation is examining whether major German financial conglomerate Deutsche Bank is compliant with anti-money-laundering policies, sources told the New York Times on Thursday, June 21.
The investigation follows an earlier report by the NYT about Deutsche Bank’s employees in its U.S. subdivision who noticed suspicious financial activity and notified their supervisors. However, according to the NYT, the bank’s managers decided not to report the case to the authorities.
It is worth noting that the transactions were reportedly linked to companies controlled by U.S. President Donald Trump and his son-in-law and advisor Jared Kushner.
According to a 2018 financial disclosure form, Donald Trump had at least $130 million (€115 million) in liabilities to Deutsche Bank's American unit. The bank has loaned Trump and his organization around $2 billion in total.
Back in 2017, U.S. and UK regulators fined Deutsche Bank for $630 million for failing to prevent money laundering attempts from Russia. A U.S. Department of Justice investigation into this case is still in progress.