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The report also refers to two previous suspicious-activity reports, or SARs, that the bank had filed, which documented even larger flows of questionable money into Cohen’s account. Those two reports detail more than three million dollars in additional transactions—triple the amount in the report released last week. Which individuals or corporations were involved remains a mystery. But, according to the official who leaked the report, these SARs were absent from the database maintained by the Treasury Department’s Financial Crimes Enforcement Network, or FinCEN. The official, who has spent a career in law enforcement, told me, “I have never seen something pulled off the system. . . . That system is a safeguard for the bank. It’s a stockpile of information. When something’s not there that should be, I immediately became concerned.” The official added, “That’s why I came forward.”
First Republic’s compliance officers later began flagging Cohen’s transactions in the account as possible signs of money laundering. Among other potential violations, the documents cite “suspicion concerning the source of funds,” “suspicious EFT/ wire transfers,” “suspicious use of multiple accounts,” and “transaction with no apparent economic, business, or lawful purpose.” (A spokesperson for First Republic Bank declined to comment.)
A substantial portion of this money seems to have ended up in Cohen’s personal accounts. Morgan Stanley Smith Barney filed a separate SAR showing that, during that same three-month period, Cohen set up two accounts with the firm, into which he deposited three checks from his Essential Consultants account, two in the amount of two hundred and fifty thousand dollars and one in the amount of five hundred and five thousand dollars. Morgan Stanley Smith Barney marked those transactions, which added up to more than a million dollars, as possible signs of “bribery or gratuity” and “suspicious use of third-party transactors (straw-man).”
In fact, the compliance officers wrote, “a significant portion of the target account deposits continue to originate from entities that have no apparent connection to real estate or apparent need to engage Cohen as a real estate consultant.” Likewise, “a significant portion of the deposits continues to be derived from foreign entities.” David Murray, a former Treasury official focussed on illicit finance, told me, “There are a ton of red flags here. The pattern of activity has indicators that are inherently suspicious, and the volume and source of funds do not match the account profile that was built when the account was opened.
Other banks also noticed Cohen’s suspicious transactions and filed their own SARs about his activity. Some of those show the banks piecing together the reasons for the transactions from news reports, citing articles from publications including the Wall Street Journal and Vanity Fair about Trump, Russia, and secret election-season payments, including the payment to Clifford. One, filed by City National Bank, follows money paid to Cohen by Elliott Broidy, at the time the deputy finance chairman for the Republican National Committee. The report notes, “Broidy also owns a private security company, Circinus, which provides services to the U.S. and other governments. The company has hundreds of millions of dollars in contracts with the U.A.E.”
Another possibility is they were leaked out of the Treasury Department's FinCEN division.
originally posted by: TinfoilTP
a reply to: theantediluvian
Another daily dead horse beating, imagine that.
originally posted by: theantediluvian
Missing Files Motivated the Leak of Michael Cohen’s Financial Records
But, according to the official who leaked the report, these SARs were absent from the database
originally posted by: FakeNews9999
a reply to: TinfoilTP
Oh look another trumpet ignoring the evidence that this moron may have colluded with Russia. The thing I believe is, he may be innocent, not because he is a good guy but because he is too stupid to have been the mastermind of anything. LOL
More like someone came to him and said we are going to get you elected and he said how, they said can't tell you too hush hush AKA your too stupid to let you in on the details plus you would probably open your big mouth accidentally.
Dems should run a 5 year old next time, it may get them more republican votes, I mean they elected Trump...and the kid would be more coherent and smarter and if the kid is not that smart or coherent, they would vote for the kid and then say this kid speaks to us in away we can understand.
originally posted by: theantediluvian
a reply to: TinfoilTP
I love how when I post, there's about 5-6 of you who rush to be the first in with a lame ass attempt at trolling. If you really didn't care, you wouldn't be on the first page of half my threads trying to tell me how much you don't care. You'd ignore them.
originally posted by: carewemust
originally posted by: theantediluvian
a reply to: TinfoilTP
I love how when I post, there's about 5-6 of you who rush to be the first in with a lame ass attempt at trolling. If you really didn't care, you wouldn't be on the first page of half my threads trying to tell me how much you don't care. You'd ignore them.
CareWeMust!
If it walks like a "Diversion" and quacks like a Diversion...
originally posted by: theantediluvian
a reply to: TinfoilTP
I love how when I post, there's about 5-6 of you who rush to be the first in with a lame ass attempt at trolling. If you really didn't care, you wouldn't be on the first page of half my threads trying to tell me how much you don't care. You'd ignore them.
originally posted by: Pyle
a reply to: theantediluvian
Today has been crazy news wise. New stories have been coming out every hour for hours now. What is going on in Washington?