While lawyers for President Donald Trump have been fighting congressional subpoenas directed at Deutsche Bank, the financial institution is facing increased scrutiny from federal law enforcement. Authorities are looking into whether the bank followed laws intended to prevent money laundering and other crimes, according to several sources in a New York Times report.
It’s uncertain if there are any charges in the offing and the scope of the investigation remains unclear. It’s also worth mentioning that Deutsche Bank is reportedly one of several banks under investigation. Nonetheless, newly reported details do highlight some of the individuals contacted as part of the probe, as well as the matters under discussion.
Law&Crime readers might remember Tammy McFadden. She used to work for Deutsche Bank’s Jacksonville office as an anti-money laundering specialist, but now claims that the company fired her in April 2018 in retaliation for how she complained about her employers failing to properly vet powerful clients. For example, she claimed to notice an incident where money moved from Kushner Companies to certain Russian people. The official line that that they fired her for not reviewing enough transactions. She said that was because her bosses cut down her work load after she started complaining about their practices.
Well, now her attorney Brian McCafferty said the FBI contacted him.
The Trump was linked to DB because of their longtime relationship. The bank denies wrongdoing, and has said that it’s not strange for managers to occasionally overrule employees on certain matters.
Authorities also reportedly contacted Val Broeksmit, the son of late Deutsche bank executive William S. Broekmit. He said he gave internal bank documents and other material from his father’s personal email. The elder Broeksmit died by suicide in 2014.
According to the Times, former DB employees spoke on condition of anonymity, and said they were told to rush reviewing transactions. Managers established hurdles that hindered them from filing reports about suspicious activity, they said.
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