Two top Democratic U.S. senators on Thursday called for the Senate to open an investigation into Germany’s Deutsche Bank over its compliance with U.S. anti-money laundering and bank secrecy laws.
Senators Elizabeth Warren and Chris Van Hollen said in a statement that they had written to the chair of the Senate Banking Committee asking for the probe in light of investigations into the bank by European authorities that called into question its compliance controls.
A spokeswoman for Mike Crapo, the Republican chair of the Senate Banking committee who has the power to approve a probe, did not immediately respond to a request for comment.
A spokesman for Deutsche Bank did not immediately provide comment, but the bank has previously said it would cooperate with any investigations into its affairs.
Police raided six Deutsche Bank offices in and around Frankfurt last month over money laundering allegations linked to the “Panama Papers.” Investigators are looking into the activities of two unnamed Deutsche Bank employees alleged to have helped clients set up offshore firms to launder money, the prosecutor’s office said at the time.
“Given the Committee’s jurisdiction over banking regulatory enforcement, Deutsche Bank’s history of regulatory problems, and the recent allegations of money laundering that resulted in the recent raid conducted by German law enforcement, we request that the Banking Committee undertake an investigation into Deutsche Bank and its compliance with the Bank Secrecy Act (BSA) and Anti Money Laundering (AML) regulations,” Warren and Van Hollen wrote to Senator Crapo.
Reporting by Michelle Price; Editing by Chizu Nomiyama and Jonathan Oatis
Vindman debunks Trump’s CrowdStrike conspiracy theory — and agrees it was promoted by Putin
At the public impeachment hearing on Tuesday, Democratic counsel Daniel Goldman asked Lt. Col. Alexander Vindman about President Donald Trump's anti-Ukraine conspiracy theories discussed on the phone call with Ukrainian President Volodymyr Zelensky. Vindman stated flatly that he had seen no evidence to support any of them and noted that they were being promoted by Russian President Vladimir Putin.
"President Trump asks President Zelensky for a favor, and then raises this theory of Ukrainian interference in the 2016 election," said Goldman. "He says in the highlighted portion, 'I would like you to do us a favor though. Because our country has been through a lot. And Ukraine knows a lot about it. I would like you to find out what happened with this whole situation with Ukraine. They say CrowdStrike. I guess you have one of your wealthy people. The server, they say Ukraine has it.' Now, Col. Vindman, was this statement based on the official talking points that you had prepared?"
‘Losing his grip on reality’: Trump mocked for attacking Pelosi over a quote that actually came from Fox News
Early Tuesday morning, President Trump took aim at House Speaker Nancy Pelosi (D-CA), misattributing a quote to her that actually came from a Fox News reporter.
Nancy Pelosi just stated that 'it is dangerous to let the voters decide Trump’s fate.' @FoxNews," Trump tweeted. "In other words, she thinks I’m going to win and doesn’t want to take a chance on letting the voters decide. Like Al Green, she wants to change our voting system. Wow, she’s CRAZY!"
Pence attorney stops Ukraine witness from answering Schiff’s question: VP’s ‘position’ is ‘call is classified’
An attorney representing the Office of the Vice President blocked Jennifer Williams, an aide to the Vice President, from answering a simple question, the first one, posed by House Intelligence Committee Chairman Adam Schiff during Tuesday morning's impeachment hearing.
Chairman Schiff asked Williams if there were any relevant facts from a call between Vice President Pence and Ukraine President Volodymyr Zelensky.
Pence's attorney interjected, saying "the Vice President has taken the position that the September 18 call is classified. As a result, I'd refer the committee to the public record."