President Donald Trump drew from a personal bank account after his election to cover “hush money” payments made on his behalf to two women with whom he allegedly had extramarital affairs, his former attorney Michael Cohen claimed in congressional testimony Wednesday.
U.S. compliance officers are seeking to unearth any links their institutions may have with New York attorney Michael Cohen following reports that he illegally paid an adult film actress to not discuss her alleged affair with a high-profile client, U.S. President Donald Trump, 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.
The U.S. financial intelligence unit’s policy for “suppressing” highly sensitive Bank Secrecy Act reports of suspected criminal activity is necessary in certain instances, but should be rarely used, say sources.
Two members of the U.S. Senate Committee on Banking, Housing and Urban Affairs sent a letter to Christian Sewing, CEO of Deutsche Bank, seeking answers to questions on the reported quashing of suspicious activity reports related to President Donald J. Trump and his family.
May 20, 2019
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