Lieff Cabraser today filed an amicus brief in the U.S. Supreme Court on behalf of financial investigation and money laundering experts in support of the House Committees who are seeking banking records relating to President Trump’s business activities.
Submitted to address issues specifically relevant to the subpoenas issued to Deutsche Bank AG and Capital One Financial Corporation by the Financial Services Committee and the Permanent Select Committee on Intelligence, the brief argues that the House subpoenas are a natural extension of Congress’s continuing efforts over the past five decades, consistent with its plenary power to regulate commerce, to shield the U.S. marketplace from the negative effects of criminal activity and corruption through foreign influences and entanglements. As the brief notes, the Amici maintain that the subpoenas reflect a reasonable inquiry into the loopholes in U.S. anti-money laundering laws that persist, particularly relating to shell companies and the luxury real estate market which have elicited bipartisan concern.
The brief was co-authored by Lieff Cabraser partner Daniel P. Chiplock and Jonathan Rusch of Georgetown University Law Center. Read a copy of the full brief here.