Leaked U.S. government files suggest Deutsche Bank tops list of suspicious transactions
Source: CNBC
Germanys largest lender Deutsche Bank appears to have facilitated more than half of the leaked $2 trillion of suspicious transactions that were flagged to the U.S. government over nearly two decades, reported German broadcaster Deutsche Welle (DW).
Those documents showed that between 1999 and 2017, $1.3 trillion of $2 trillion in leaked transactions that were flagged as suspicious passed through Deutsche Bank, according to the DW report.
The leaked documents contained suspicious activity reports that banks and other financial institutions filed with the U.S. Department of Treasurys Financial Crimes Enforcement Network, or FinCEN.
Read more: https://www.cnbc.com/2020/09/21/leaked-fincen-files-show-deutsche-bank-tops-list-of-suspicious-transactions.html
Deutsche Bank's Frankfurt headquarters.
The recent FinCEN revelations - first published by the ICIJ (best known for the 2016 panama Papers) - show that Deutsche Bank accounts for more than half the $2 trillion of suspicious transactions flagged to the U.S. government over nearly two decades.
Warpy
(111,169 posts)and their role in circumventing sanctions on Iran. NBC is the only US network to give this even the barest mention, and that's about money laundering for N. Korea in US banks.
Together with the Panama Papers, this whole stinking thing could be blown to smithereens. It needs to be, but no one wants to take that first step, the big banks are all too dependent on the easy money to survive even timid regulation.
Kudos to the BBC for giving Buzzfeed credit for breaking the story today.
Phoenix61
(16,994 posts)Trump's business career is more connected to Supreme Court Justice Anthony Kennedy than we ever knew
https://www.google.com/amp/s/www.businessinsider.com/anthony-kennedy-son-loaned-president-trump-over-a-billion-dollars-2018-6%3famp
sandensea
(21,604 posts)Chicago1980
(1,968 posts)The only bank that would loan to Trump.
The bank Trump sued...
https://www.propublica.org/article/trump-inc-podcast-deutsche-bank-donald-trump
That bank financed Trump Tower Chicago.....
Trump has never filled the 3-Levels of retail space and in fact, get tax write-offs because of the vacancy.
https://www.dnainfo.com/chicago/20161006/downtown/trump-tower-tax-break/
jmowreader
(50,530 posts)catsudon
(839 posts)of course... call me when they are caught doing something clean.
remember when HSBC was originally created to launder the British Empires opium money?
Deutsche bank, if this is true to the extent that we all believe, then why in hell ain't the German people and especially Chancellor Merkel investigating this shit? I think Trumpte has dissed her enough for her to come out and do something about these "CHARGES". UNLESS, she's somehow involved...
burrowowl
(17,632 posts)yaesu
(8,020 posts)pretty much do the same to this fascist country.
Bayard
(22,011 posts)Are you talking about Germany or the U.S.?
ResistantAmerican17
(3,796 posts)Jeffrey Dahmer was a cannibal....
Roy Rolling
(6,908 posts)You will be second-richest man in world, after me of course. Then, you be more liked than Obama. Everyone like rich man.
Advisor to Individual #1