Trump denies NYT reports raising questions about Deutsche Bank transactions

U.S. President Donald Trump denied on Monday the reports raising questions about multiple Deutsche Bank transactions involving entities controlled by him and his son-in-law Jared Kushner, saying he had so much money as a businessman that he did not need banks. He also denied that any of his cash came from Russia, in early morning tweets.

Anti-money laundering specialists at Deutsche Bank AG recommended in 2016 and 2017 that multiple transactions involving entities controlled by President Donald Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog, the New York Times reported on Sunday.

The compliance allegations are the latest in a wave of problems to beset the bank which faces investors at its annual meeting on Thursday. The Times said the transactions, some of which involved Trump's now-defunct foundation, set off alerts in a computer system designed to detect illicit activity, according to the former bank employees.