US special counsel Robert Mueller has ordered Germany’s Deutsche Bank to provide records of accounts held by Donald Trump, according to reports.
The revelation is being seen as an indication the former FBI chief’s investigation is directly focusing on the US president.
Mr Mueller is investigating alleged collusion between the Trump presidential campaign and Russia.
Deutsche Bank has previously rejected similar requests from Democrats.
Mr Mueller issued a subpoena to Germany’s largest bank several weeks ago demanding data on transactions linked to the US president, Reuters news agency and a German newspaper say.
US investigators are said to be demanding information on dealings linked to Mr Trump as part of an investigation into alleged Russian influence in the US presidential election, according to Handelsblatt and Reuters.
Deutsche Bank, which is one of the Trump Organisation’s major lenders on its real estate projects, said it would not comment on any of its individual clients.
However in a statement to NBC News, it said: “[Our bank] takes its legal obligations seriously and remains committed to co-operating with authorised investigations into this matter.”
In June, the German bank rejected requests for account records by Democrats in the US House of Representatives to provide details of the president’s finances, citing privacy laws.
Mueller paves way for possible showdown
Analysis by Anthony Zurcher, BBC News North America Reporter
Until now, Robert Mueller has appeared to be operating on the periphery of President Trump – focusing on former campaign chairman Paul Manafort’s previous foreign lobbying efforts, the Russian contacts of George Papadopoulos, a relatively minor foreign policy adviser, and the post-election actions of Mr Trump’s confidant Michael Flynn.
While the charges are serious, the president himself has been removed from the most heated prosecutorial action.
That all changes if the Deutsche Bank reports are true. The German institution, which also has ties to Russian oligarchs, was a lifeline for the Trump Organization’s businesses in the early 2000s, when US lenders turned their backs on the then-struggling business tycoon.
How closely did Mr Trump and his associates follow the letter of the law at a time before he was a serious political candidate?
The president’s defenders will argue that his past business dealings are not relevant to the special counsel inquiry, tasked with probing possible ties between the Trump campaign and Russia during the 2016 presidential election.
A high-stakes showdown over whether Mr Mueller is exceeding his mandate could be brewing.
What power does Mueller have?
As special counsel Mr Mueller, who headed the FBI for more than a decade, has the powers to subpoena records and bring criminal charges.
He can also prosecute anyone who interferes in his investigation through crimes including perjury, obstruction of justice, destruction of evidence and intimidation of witnesses.
Mr Mueller’s office has so far spent about $3.2m (£2.4m) on attorneys, special agents and other expenses as part of its investigation, the US Department of Justice revealed in a report on Tuesday.
US intelligence agencies have concluded that Moscow tried to sway the presidential election in favour of Mr Trump.
It is alleged that Russian hackers stole information linked to the campaign of his rival Hillary Clinton and passed it to Wikileaks so it could be released to undermine her.
Mr Trump has repeatedly denied any collusion with Russia, calling the allegations a “witch hunt”.
Who has been charged?
Four people have so far been charged by Mr Mueller over alleged links between Moscow and the Trump team.
- October 2017: Mr Trump’s former campaign chairman Paul Manafort and his business associate Rick Gates are charged with 12 counts of money laundering, undisclosed foreign lobbying, and lying to government investigators over alleged links to pro-Russian groups in Ukraine (both deny the charges)
- October 2017: George Papadopoulos pleaded guilty to lying to FBI investigators about his contacts with Russian nationals and connected individuals while he was serving as a foreign policy advisor with the Trump campaign
- December 2017: Michael Flynn, the Former general who later became the shortest-serving member of Mr Trump’s cabinet, resigns after pleading guilty to making “false, fictitious and fraudulent statements” to the FBI about his contact with a Russian official