House Dems seek bank documents of Trump accounts

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WASHINGTON — House Democrats are asking Deutsche Bank Chief Executive Officer John Cryan for documents related to two internal reviews, one involving a Russian money laundering scheme and another into accounts held by President Trump and his family.

Deutsche Bank agreed to a $630 million settlement with the U.S. and the U.K. earlier this year in connection with a trade matching scheme to help Russian clients convert rubles into dollars. The bank has also raised eyebrows by reportedly lending roughly $340 million to Trump and his businesses when most other banks were turning him away.

“What is troubling is that the bank to our knowledge has thus far refused to disclose or publicly comment on the results of either of its internal reviews,” said the letter, which was signed by five lawmakers, including Rep. Maxine Waters, the top Democrat on the House Financial Services Committee.

The letter asks that Deutsche Bank “publicly affirm that the bank has completed a thorough and rigorous review of both the 2011 Russian mirror trading scheme as well as of President Trump’s accounts and those of his family members” and “provide the committee with copies of any document, record, memo, correspondence, or other communication related” to both the Russian trading scheme and a review of the bank's business with Trump.

It also requests that the bank appoint an independent auditor to review the personal accounts of Trump and his family and provide those results to the committee.

Reps. Dan Kildee of Michigan, Gwen Moore of Wisconsin, Al Green of Texas and Ed Perlmutter of Colorado also signed the letter.

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Money laundering AML Maxine Waters Donald Trump Deutsche Bank
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