Trump denies NYT reports raising questions about Deutsche Bank transactions
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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.
(With inputs from agencies.)
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