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. One of the "resolutions of inquiry" calls for the U.S. Treasury Department to provide the House Financial Services Committee with "any documents" that may prove the president, his immediate family, campaign advisers or business associates received loans or other forms of credit backed by Russian banks or officials, Rep. Maxine Waters (D-CA), the panel's ranking member, said in a press conference announcing the requests. The measures...
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.
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.