Anti-money laundering officials at Deutsche Bank stated in 2016 and 2017 that several transactions involving assets held by President Donald Trump and his senior adviser Jared Kushner be disclosed to a financial crimes watchdog, it was reported Sunday.
According to The New York Times, which cited five current and former Deutsche Bank workers, said top executives at the German bank — which has loaned Trump and Kushner’s families billions of dollars, ignored lower-level staffers’ recommendation.
Deutsche Bank’s shares dropped nearly 3 percent Monday to 6.65 euros, a new low for the company.
In a series of tweets Monday morning, Trump denied reports that said he was not in need of bank loans and refuted allegations that the money came from Russia.
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The now-shuttered Trump Foundation was reportedly one of the entities involved in the illegal transactions.
“At no time was an investigator prevented from escalating activity identified as potentially suspicious,” Deutsche Bank said in a statement. “Furthermore, the suggestion that anyone was reassigned or fired in an effort to quash concerns relating to any client is categorically false.”
Several congressional committees and New York authorities have been investigating Trump and his family’s ties to Deutsche Bank for any potential illicit activity.
Trump and his three eldest children recently filed a lawsuit to block House Democrats’ subpoenas for his family’s financial documents sent to the German bank and to Capital One and accounting firm Mazars LLP.
