German bank Deutsche Bank is pushing back on a report that it flagged an account tied to President Trump Donald John TrumpUS reimposes UN sanctions on Iran amid increasing tensions Jeff Flake: Republicans 'should hold the same position' on SCOTUS vacancy as 2016 Trump supporters chant 'Fill that seat' at North Carolina rally MORE’s son-in-law and aide Jared Kushner Jared Corey KushnerAbraham Accords: New hope for peace in Middle East Tenants in Kushner building file lawsuit alleging dangerous living conditions Trump hosts Israel, UAE, Bahrain for historic signing MORE for “suspicious transactions.”

The bank said in a statement that the report was wrong and that it would take legal action against the reporting, according to Reuters.

“It is wrong to assert that Deutsche Bank supplied the German financial supervisory authority BaFin with a report stating that the real estate investor Jared Kushner or companies or persons associated with him may have channeled suspect funds via Deutsche Bank when executing their transactions,” the bank said. “We are taking legal action regarding this reporting.”

German business magazine Manager Magazin reported last week that Deutsche Bank officials had notified bank regulators of suspicious transactions linked to the Kushner family real estate company accounts.

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In December, The New York Times reported that the U.S. Attorney’s office in the Eastern District of New York had subpoenaed the bank for Kushner’s records, though it is unclear if it is related to the probe into whether the Trump campaign colluded with Russia to win the 2016 election.

Special counsel Robert Mueller Robert (Bob) MuellerCNN's Toobin warns McCabe is in 'perilous condition' with emboldened Trump CNN anchor rips Trump over Stone while evoking Clinton-Lynch tarmac meeting The Hill's 12:30 Report: New Hampshire fallout MORE has reportedly subpoenaed the bank for Trump’s records.

Kushner Companies spokesperson Chris Taylor said in a statement that the company has “done nothing wrong” in its relationship with the bank, and that the company has not been contacted by Mueller’s office.

“There is no money laundering. There is no Russian connection. There are no improper loans. There are no misrepresentations,” Taylor said. “Everything has been handled in a normal, professional and commercial manner. … Any story claiming that we have done anything wrong in our dealings with Deutsche Bank is made-up and completely baseless. Importantly, not one news agency even called us before running these crazy allegations.”