Page 25 - Activity Report News Today

That details suspicious activity surrounding the hush money paid to the adult film star by michael cohen, the presidents long-time attorney. joining us is michael avenatti. great to see you. >> good morning. >> why do you want to see this suspicious activity report from the bank? >> we think it is going to show the flow of the money, alisyn. it is going to show exactly what happened in connection with this $130,000 payment. >> dont we already know the flow of money. michael cohen paid stormy dan...

Mr. cohn relating to the transfer of the money, the flow of the money and what exactly happened here. the fact that the sahr was filed in this case is a big deal and its an indication that the bank sees a b problem here. suspicious activity report. how is it going to help your clients case if you have your hands on it? >> well, if in fact the narrative portion indicates that the money did not come from a home equity loan as mr. cohn claims or that it initially came from a home equity loan, that ...

Can you explain why $130,000 would have triggered a suspicious activity report? >> there are treasury regulations that are in place to guard again money laundering and financial crimes. these regulations hold when a bank determines that a particular financial transaction is suspicious they are obligated under the law to prepare and file what is called a suspicious activity report otherwise known as a sar. first republic bank repaired a sar, suspicious activity report, relating to this incident o...

First republic bank prepared a sar, a suspicious activity report relating to this transaction, relating to the payment of the $130,000. they transmitted that sar to the financial crimes enforcement network. its a division of the u.s. treasury. we dont know what that sar shows because its not public information. but heres what we do know. we know that the president and his appointee, the treasury secretary, control fnsn. they could very easily release this sar. >> michael cohen today issued a ser...

Equity line of credit, there was a suspicious activity report put out. can you explain that that means? >> there are treasury regulations in the united states that are in place to guard against money laundering and financial crimes and these regulations holds that when a bank particulates a series of financial transactions that are suspicious they are obligated under the law to prepare and file a suspicious activity report otherwise known as a sar. at some point after the date of this transactio...

Producing another e-mail that he says refutes a key claim by president trumps personal lawyer michael coyen that in the closing weeks of the com pain he personally paid daniels. he and he alone, not on behalf of his client, donald trump, or the trump organization. this morning michael avenatti released e-mails written to and from michael cohens corporate e-mail address, even including his corporate signature block at the bottom. tonight mr. avenatti released an additional e-mail referring to yom...

It revealed that cohen used his trump corporate e-mail account during the transaction, something he is very much down playing moments ago. he showed us a new e-mail referring the officer being closed suggesting if he truly was doing this on his own the office being opened or closed would not be relevant. so one of the things i dont think has gotten a lot of attention, and again, our focus is following the money. for full disclosure i should say i met and talked with your client. there was a repo...

Required by the bar rules to of california to be a licensed attorney in california or to have a licensed attorney as what is called local council. he did neither. thats a misdemeanor under the law. >> so he isnt licensed to practice law in california? >> theres nothing indicating that he is. we havent been able to find any record of him being licensed in california. if he wasnt licensed in california its a misdemeanor to be practicing law. its no different if i came to new york or washington d.c...

If he doesnt believe anything was untort about this, if his story is to be believed, then release the sar. its a fairly brief document. but its going to be very illuminating as to the derelata relating to this transaction. if there is nothing there, then there is nothing there. >> amy, a low the people are saying what is a sar? this is the suspicious activity report and a bank, a financial institution notifying a division within the treasury department that there is this money. and we dont know ...

Reports. thats correct? thats the statement you got from this administration? >> correct, yes, they tried to just basically use a kind of denial approach from the beginning. >> where do you see this story heading next? >> as has been noted, the pressure seems to be on the white house now to address the question. its in the legal forum now. so i think its -- theres going to be more and more pressure on the white house, on michael cohen and harder for them to separate each other, separate cohen fr...