SARs wrote:
oopsie wrote:
The bank has to be careful here as well because there can be significant financial penalties to the entity and individuals for not following proper SAR guidelines. I would expect nothing less than "it was no big deal" from the bank at this point.
http://nymag.com/intelligencer/2019/05/deutsche-flagged-trump-kushner-for-money-laundering-report.htmlSAR "guidelines" do not protect account owners who commit crimes, or have questionable/unusual banking activities. The guidelines are developed by FinCEN (Financial Crimes Enforcement Network).
Deutsche Bank is also taking a hit on its share price and this isn't helping.
Trump borrowed over $300 M from them for golf courses and hotels.
We know that Trump does not run profitable businesses.
He gets money from Russia for favors and uses that to help pay back the loans.
And since he has a number of shell companies like Essential Consulting, the money flows through different hands and comes out clean.
He ran out of daddy's money a while ago and needs these foreign players to make it look like he has money.
Look at his financial disclosure.
DJT Aerospace
DJT Holdings
DJT Operations
Trump National Golf Club - Jupiter
Trump National Golf Club - Bedmisnter
Maralago
Etc
There is plenty of room to move money around and they aren't public companies that require SEC filings.
And we don't know how this is all reported on his taxes.