A former Deutsche Bank employee who says she was fired for raising concerns about the bank's business practices claims her reports of suspicious activity by President Donald Trump's son-in-law Jared Kushner were ignored by the company, The New York Times reported.
"You present them with everything, and you give them a recommendation, and nothing happens," Tammy McFadden, a terminated anti-money laundering specialist who reviewed some of the transactions, told the Times. "It's the D.B. way. They are prone to discounting everything."
A spokeswoman for the German banker denied McFadden's claims.
"At no time was an investigator prevented from escalating activity identified as potentially suspicious," Kerrie McHugh told the Times. "Furthermore, the suggestion that anyone was reassigned or fired in an effort to quash concerns relating to any client is categorically false."
McFadden filed a complaint with the Securities and Exchange Commission about Deutsche Bank's anti-money-laundering shortcomings, according to the report.
"We have no knowledge of any 'flagged' transactions with Deutsche Bank," Trump Organization spokeswoman Amanda Miller told the Times, adding her companies have "no operating accounts with Deutsche Bank."
Kushner Companies also denied McFadden's claims.
"Any allegations regarding Deutsche Bank's relationship with Kushner Companies which involved money laundering is completely made up and totally false," Karen Zabarsky told the Times. "The New York Times continues to create dots that just don't connect."
Even the Times report acknowledge flagged transactions are not necessarily improper, particularly large all-cash deals, and banks often "conclude their employees' concerns are unwarranted" as reason to opt against filing reports of suspicion on clients.
McFadden took her suspicions to human resources before her termination in April 2018 for "not processing enough transactions" – which she told the Times was a result of superiors telling her stop raising questions and reducing the number of transactions she was assigned as a result.
"They attempted to try to silence me," she told the Times. "I'm at peace because I know that I did the right thing."
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