The U.S. Federal Bureau of Investigation is examining whether Deutsche Bank complied with laws meant to stop money laundering, a person with knowledge of the matter said on Thursday.
The inquiry, first reported in the New York Times, follows a report by that newspaper last month about bank employees in its U.S. compliance division who had flagged suspicious financial transactions to their superiors who then opted not to escalate them to government authorities.
The transactions were notable because they were linked to companies controlled by U.S. President Donald Trump and his son-in-law and advisor Jared Kushner, according to the report.
Trump rejected the report last month, saying he had little need for banks because he had so much cash on hand and denying that the money came from Russia.
The resulting FBI investigation is viewed as routine following the report about the bank whistleblower, said the person, who spoke on condition of anonymity in order to talk about an ongoing investigation.
A Deutsche Bank spokesperson declined to comment on the Times report, but said: “We remain committed to cooperating with authorized investigations.”
Kushner Companies said allegations about its relationship with Deutsche involving money laundering are “completely made up and totally false”.

Source: https://compliancex.com/deutsche-bank-faces-fbi-investigation-for-possible-money-laundering-lapses/

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