The findings, which were discussed inside Deutsche Bank in late spring and early summer, primarily concerned cash flows tied to Manafort, who for about five months was President Donald Trump’s 2016 campaign chairman, and Manafort’s former business partner Richard Gates III, the person said.
Deutsche Bank is a major correspondent bank for U.S. dollar transactions around the world. Correspondent banks serve as middlemen in international transactions, facilitating transfers for other banks into countries where they have limited or no operations. Banks can label transactions as suspicious based on origin of funds, specific concerns about parties involved or other reasons.