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.
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.
Inaccurate yet widely circulated media reports are threatening the ability of financial institutions to screen their existing and potential customers for anti-money laundering purposes, say sources.
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.