Several global lenders based in Europe have ordered highly sensitive, enterprise-wide internal reviews of their clients and accounts to identify any ties they may have with U.S. officials and individuals close to President Donald Trump, sources told ACAMS moneylaundering.com. Two senior-level compliance officers at European banks with affiliates in dozens of countries, including the United States, confirmed in separate interviews that they were screening both personal and corporate accounts as part of the reviews, and claimed they had spoken with numerous counterparts at other institutions undergoing similar audits. "You have a very targeted global investigation the likes of which we...
U.S. Democratic lawmakers introduced a raft of resolutions Friday requesting the production of President Donald Trump's tax returns, bank records and other documents they believe may expose alleged financial crimes or conflicts of interest.
The U.S. financial intelligence unit is taking too long to provide Congress with restricted information that some say may indicate criminal ties between Russia and President Donald Trump, his relatives and associates, say federal lawmakers.
U.S. financial institutions should respond to negative media coverage of current and former associates of President Donald Trump by reassessing the compliance challenges affected customers and transactions present, according to a former federal regulator.
A series of news reports alleging improper, potentially illegal dialogue and other ties between Russian officials and aides of U.S. President Donald Trump should prompt financial institutions to review batches of transactions for suspicious activity.