deutsche bank busted for russian money laundering

Echoing our brief, the decision outlined Congress’s broad investigative authority, recognized by the Supreme Court, and held that the Committees identified valid legislative purposes for their subpoenas.

In December, the Second Circuit affirmed the district court’s order rejecting the President’s challenge to the Committees’ subpoenas for Trump’s financial records from Deutsche Bank and Capital One. On July 17, 2019, CAC filed an amicus curiae brief in support of the Committees, arguing their requests are valid. President Trump and his businesses then appealed to the Second Circuit. District Court for the Southern District of New York heard oral arguments and subsequently denied the Plaintiffs’ motion for a preliminary injunction and denied a stay pending appeal.

The House Committee on Financial Services and the House Intelligence Committee both intervened to defend their subpoenas. President Trump and his businesses sued to block Deutsche Bank and Capital One from complying. political process, and counterintelligence threats posed by foreign financial leverage over the President, his family, and his businesses, the House Committee on Financial Services and House Intelligence Committee subpoenaed certain financial documents from Deutsche Bank and Capital One related to President Trump’s and his businesses’ finances. As part of their investigations into banking practices, money laundering in the financial sector, foreign influence in the U.S.

Deutsche bank busted for russian money laundering