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. Sens. Richard Burr (R-NC) and Mark Warner (D-VA), respectively the top Republican and Democrat on the Senate Intelligence Committee, in an April 26 letter to the U.S. Treasury Department requested that the Financial Crimes Enforcement Network, or FinCEN, submit any data that may advance the panel's investigation into whether Trump or his associates colluded with Russia before or after the presidential election. Federal lawmakers are...
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.
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.