Deutsche bank employees are telling the times is pretty hair raising. quote, suspicious activity reports are at the heart of the federal government s efforts to identify criminal activity like money laundering and sanctions violations. in the summer of 2016, so during the presidential campaign, deutsche bank s software flagged a series of transactions involving the real estate company of jared kushner. ms. mcfadden, this anti-money laundering specialist at deutsche bank tells the times she reviewed those kushner transactions and found that money had moved from kushner companies to russian individuals. as a long-time anti-money laundering specialist who was supposed to be looking at red flags like these for the bank, mcfadden, quote, concluded that the transactions should be reported to the government. in part because federal regulators had ordered deutsche bank to toughen its scrutiny of potential illegal transactions after the bank was caught laundering billions of dollars for rus
Violations. in the summer of 2016, so during the presidential campaign, deutsche bank s software flagged a series of transactions involving the real estate company of jared kushner. ms. mcfadden, this anti-money laundering specialist at deutsche bank tells the times she reviewed those kushner transactions and found that money had moved from kushner companies to russian individuals. as a long-time anti-money laundering specialist who was supposed to be looking at red flags like these for the bank, mcfadden, quote, concluded that the transactions should be reported to the government. in part because federal regulators had ordered deutsche bank to toughen its scrutiny of potential illegal transactions after the bank was caught laundering billions of dollars for russians. so this money laundering specialist hired by deutsche bank to look for this kind of activity, she sees all this money going from kushner companies to russian individuals. she, quote, drafts a suspicious
Hotel in d.c. compared to other lender, deutsche bank has been inexplicably generous to him. and at the same time the bank was we now know laundering billions of dollars out of russia in a scheme that appears to have been tied to the russian government. a combination of those two dynamics led max seen walters to start pushing the administration on this very early on. on march 10th, max seen waters said that her financial services committee should examine the deutsche bank s money laundering operation and assess the integrity of the scheme given the trump s interest in the matter. and they had no from tr in doing any such thing and she s just a democrat on the commit teebtd republicans runs the committee. so a couple of months later she was just like okay, i m going to write myself to deutsche bank.
Credited particulars point to highly volatile exchange rate says the payments system allows anyone, including those who are breaking the law, to transfer money anonymously. the fox business network jolene kent in our new york city newsroom. the winkle vos twins are banking on it to be the next big thing. experts are skeptical their venture will get the approval they need. set out to create exchange created fund to make it more accessible to regular investors. they already own in april is valued to be 1% of valued at $11 million. but its short history is very turbulent. take a look at this. the price of one bit coin spiked back in april to $110 to more than 250 bucks before dramatically tumbling. today traded at about $90. regulators are watching this closely, too. last month another online currency liberty reserve was indicted for laundering billions of dollars. the largest exchange for bit coin s tokyo post mount gawk has been heavily
Despite those euro hopes, standard & poor s lowered its forecast for greece s long-term credit predicting a struggling company will need up to $7 billion more in aid. europe s crisis could also hurt tourism and that s why priceline says it has a disappointing outlook for the third quarter, despite a strong second quarter. washington is steaming mad over new york state regulators going after standard chartered bank, accused of laundering billions for iran. reuters reports local authorities didn t bother alerting the fed or the treasury department, which was already working on a settlement. monday s fire at a chevron refinery in california will likely send gas prices soaring on the west coast to over $4 a gallon. employers posted more job openings in june than they have in four years. however, companies have been slower to fill those spots. also slowing, the numbers of americans using credit cards. yet borrowing rose to a near-record high.