Kushner Transactions Pulled Into DOJ Money-Laundering Probe At Deutsche Bank
Transactions linked to President Donald Trump’s son-in-law Jared Kushner have been caught up in a money-laundering investigation the Department of Justice is pursuing against Deutsche Bank, according to The New York Post.
“The DOJ is investigating why the bank didn’t alert the US Treasury to potentially suspicious transactions by Kushner’s family and the Kushner Cos. in 2016, including money to Russian individuals,” the publication reported.
Investigators want to know why the bank failed toto file Suspicious Activity Reports (SARs) despite those documents being prepared by the bank’s compliance employees.
The DOJ was provided information by whistleblower Tammy McFadden, who helped put the SARs together, and has “been talking to Val Broeksmit, the son of a banker who oversaw a unit of the bank that’s been troubled by money-laundering violations since before the 2016 Kushner transaction.”
His father, William Broeksmit, died by suicide in 2014.
A Kushner Co. spokesperson said the firm is not under investigation, the Post reported.