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Trump's longtime attorney Michael Cohen wired the money to the lawyer for Stephanie Clifford, known as Stormy Daniels, a dozen days before the presidential election, a person familiar with the issue told The Wall Street Journal in a report published Monday.

The Washington Post previously reported on a standoff between Clifford and Cohen weeks ahead of the 2016 election, when a lawyer for Clifford threatened that would end her silence on the alleged affair and Cohen ultimately wired money through a limited liability company he created shortly before the election.

The report also mentioned that the First Republic Bank, through which Cohen made the payment, flagged it as suspicious and reported it to the Department of Treasury.

Daniels, whose real name is Stephanie Clifford, nearly cancelled the non-disclosure agreement that Cohen had drawn up after he failed to meet two payment deadlines, a source said.

Daniels' representatives were threatening to walk away, a source told the paper, and so Cohen said he stopped trying to track down the Republican nominee and paid the bill to keep Daniels quiet himself.

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First Republic Bank, which Cohen used for the transaction, flagged the transfer as suspicious with the Treasury Department, the source also told the Journal.

Cohen called the report "Fake News", when contacted by the Journal.

According to TMZ, sources connected to Stormy are saying that "someone" from the Academy of Motion Pictures production team reached out late last week asking for permission to use a picture taken in 2006 of Trump and Daniels together. The awkward interview featured plenty of jabs at Trump, including Kimmel pulling out dolls that resembled both Daniels and the president. (If only!) While Cohen admits to making the payment, he claims that in so doing, he didn't violate any campaign finance laws.

"If this article is true, it shows Cohen coordinated with @realDonaldTrump or his campaign. The payment to Ms. Clifford was lawful, and was not a campaign contribution or a campaign expenditure by anyone".

Meanwhile, special counsel Robert Mueller is reportedly investigating Cohen's role in a bid to build a Trump Tower in Moscow following Trump's campaign announcement.