Midweek Roundup: US Lawmakers Urge Probe of Quashed Trump SARs, Deutsche Bank Assesses Transaction Monitoring Failure, and More

Senate Democrats asked the U.S. Treasury Department to investigate reports that Deutsche Bank ignored suspicious transactions involving President Donald Trump, his son-in-law and their businesses in 2016 and 2017, ACAMS reported. More Five former and current Deutsche Bank employees told The New York Times that New York-based senior executives blocked compliance officers from reporting the transfers to the department's Financial Crimes Enforcement Network. More Deutsche Bank denied that anti-money laundering officers were ever prevented from "escalating" alerts on the Trump-related transactions, Reuters reported. More The German lender is also investigating the impact of a flaw in its transaction monitoring...