Federal investigators are looking into Deutsche Bank’s compliance with money-laundering laws and other possible crimes, including “problematic transactions … linked to President Trump’s son-in-law and senior adviser, Jared Kushner” reports the New York Times.

However, the Times says, “there is no indication that Kushner Companies is under investigation. The company said any allegations regarding its relationship with Deutsche Bank that involved money laundering were false.”

Exclusive: Federal prosecutors and the @FBI are criminally investigating @DeutscheBank for money-laundering lapses, including its handling of suspicious activity reports related to Jared Kushner’s company. with @benprotess @WRashbaum https://t.co/lM8t23fIkK

— David Enrich (@davidenrich) June 19, 2019

Calling the Frankfurt-based Deutsche Bank “one of the world’s largest and most troubled banks,” the Times says its sources include “seven people familiar with the inquiry,” who are not identified.

“The criminal investigation into Deutsche Bank is one element of several separate but overlapping government examinations into how illicit funds flow through the American financial system, said five of the people, who were not authorized to speak publicly about the inquiries,” the Times says. “Several other banks are also being investigated.”

A lawyer representing Deutsche Bank whistle-blower Tammy McFadden says an FBI agent contacted him recently in connection with McFadden’s public criticism of the bank’s anti-money-laundering operations.

McFadden, a former compliance officer at the bank, told the Times last month that she “flagged transactions involving Mr. Kushner’s family company in 2016, but that bank managers decided not to file the suspicious activity report she prepared.”

Along with the FBI, the Justice Department’s Money Laundering Section, the U.S. attorney’s offices in New York City and some Congressional committees are investigating the bank, which insists it is cooperating and “has been taking steps to improve its anti-money-laundering systems,” says the Times.

“The congressional investigations are focused on Deutsche Bank’s close relationship with Mr. Trump and his family,” the newspaper says. “Over the past two decades, it was the only mainstream financial institution consistently willing to do business with Mr. Trump, who had a history of defaulting on loans.” Over time, the bank lent him more than $2 billion; he still owed about $350 million when he took office in 2017.

“The Justice Department has been investigating Deutsche Bank since 2015,” when agents examined a scheme called “mirror trading,” laundering billions of dollars for wealthy Russians. The bank would convert Russian rubles into dollars and euros via “a complicated series of stock trades in Europe and the United States,” the Times says.