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
Controversial Contractors for Trump’s highly-criticized $3 billion food aid program hire lobbyist to tout their work
Companies receiving taxpayer dollars as part of President Donald Trump’s signature food aid program hired a longtime lobbyist to push back on criticism that the government is relying on unqualified contractors, such as an event planner.
“We’re working to take the stories of the impact this is having on farmers, processors, distributors and end users and making sure some positive aspects of the program, from both the economic and social standpoints, are out there too,” said the lobbyist and industry consultant, Dale Apley, who reached out to ProPublica on behalf of the contractors. “It’s not all just certain stories about certain companies that maybe shouldn’t have been awarded contracts.”
Ivanka Trump ‘urged’ Trump’s Bible photo-op — which could become a ‘defining moment’ of his presidency: NYT
First daughter and senior White House advisor Ivanka Trump "urged" her father to take part in a controversial photo-op with a Bible according to a new report from The New York Times.
"After a weekend of protests that led all the way to his own front yard and forced him to briefly retreat to a bunker beneath the White House, President Trump arrived in the Oval Office on Monday agitated over the television images, annoyed that anyone would think he was hiding and eager for action," the newspaper reported.