Trump Organization's finances monitoring

Key Points

• Judge Arthur Engoron ordered monitoring of Trump Organization's finances for three years
• Retired federal Judge Barbara Jones to continue monitoring the organization
• Organization must provide monthly bank statements and notify about major transactions

Pros

• Increased oversight of financial and accounting practices
• Appointment of an Independent Director of Compliance
• Enhanced role for the Monitor in reviewing internal records

Cons

• Restrictions on asset transfers and restructuring to evade monitoring
• Requirement to provide monthly bank statements and notify about major transactions

Keywords

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