Report alleges Biden family has 150 Suspicious Activity Reports from Banks

Always in His Presence · Dec 23, 2022

Video explains what SAR's are and query why there are more than 100 of them that are not being released.

Comer Probes Hunter Biden's Suspicious Foreign Business Transactions Flagged by U.S. Banks - United States House Committee on Oversight and Accountability

United States House Committee on Oversight and Accountability

republicans-oversight.house.gov

WASHINGTON—House Committee on Oversight and Reform Ranking Member James Comer (R-Ky.) today wrote the Biden Administration and several banks and financial institutions about Hunter Biden and Biden family and associates’ suspicious foreign business transactions flagged by U.S. banks. According to recent media reports, more than 150 of Hunter Biden and the Biden network’s international business transactions have generated suspicious activity reports by U.S. banks for further review by the Treasury Department to determine if there is illegal activity or a threat to national security. The Treasury Department used to provide these reports to Congress, but the Biden Administration has restricted access to them, raising questions about a possible effort to hide the Biden network’s suspicious business dealings.

Always in His Presence · Dec 23, 2022

In a letter to Department of the Treasury Secretary Janet Yellen, Ranking Member Comer requests all suspicious activity reports generated in connection with Hunter and James Biden, their associates, and their businesses and requests all documents and communications related to the Biden Administration’s decision to restrict Congress’ access to suspicious activity reports.

Always in His Presence · Dec 23, 2022

After taking office, the Biden Administration imposed restrictions on Congress’ access to SARs. For the past 20 years, any committee of Congress could request and receive these reports. However, the Biden Administration has taken the novel position of preventing Congress from receiving the reports. To view a SAR, congressional staff are required to “review all material in a reading room at Treasury, prohibiting the copying of materials for purposes of highlighting, ongoing reference, or margin notation, and restricting information collection to note taking.”7 The reversal in policy even raised concerns among Democrats, leading Chairwoman Maxine Waters to sponsor a bill requiring Treasury to provide the reports to Congress.8 The Biden Administration’s policy change raises troubling questions about the Administration’s efforts to shield Hunter Biden from congressional oversight.

https://republicans-oversight.house.gov/wp-content/uploads/2022/05/Bank-of-New-York-Mellon-Letter.pdf

Fantine · Dec 23, 2022

And the incoming Republican majority Congress begins its time-wasting, diversionary witch hunts.

What a shame there are so many "real" crimes that will put this in the dustbin of history where it belongs.

essentialsaltes · Dec 23, 2022

What is this, September 2020 all over again?

There won't be another Biden election for a couple years yet.

(Ha, I guess the FOX clip is from last month, and the Comer press release is from May. But the general knowledge about SARs has been around for at least 2 years.)

Always in His Presence · Dec 23, 2022

essentialsaltes said:
What is this, September 2020 all over again?

There won't be another Biden election for a couple years yet.

(Ha, I guess the FOX clip is from last month, and the Comer press release is from May. But the general knowledge about SARs has been around for at least 2 years.)

right - and not ONE Democrat has questioned their leader barring them from seeing them - and never asked why.

essentialsaltes · Dec 23, 2022

hislegacy said:
right - and not ONE Democrat has questioned their leader barring them from seeing them - and never asked why.

We don't have to ask why. Treasury has explained the law to Rep. Comer. These documents are used by law enforcement agencies, and are sometimes also shared with our intelligence agencies and those of our allies in their investigations.

Given the critical need to protect this information, the BSA generally prohibits its disclosure except as specifically authorized by statute or regulation.

Current and former employees of the federal government—or any state, local, tribal, or territorial government—are bound by the same prohibition except to the extent necessary to fulfill their official duties. Id. § 5318(g)(2)(A)(ii). Violations of the BSA’s confidentiality requirements can carry substantial civil and criminal penalties. See 31 U.S.C. §§ 5321, 5322.

disciple Clint · Dec 28, 2022

Fantine said:
And the incoming Republican majority Congress begins its time-wasting, diversionary witch hunts.

What a shame there are so many "real" crimes that will put this in the dustbin of history where it belongs.

the real problem for the Dems is that these investigations are not going to be a waste of time and they know it.

Fantine · Dec 28, 2022

Some liberals are saying "bring it on." They know that the representatives the media refers to as the "Q'Anon Caucus" will wear out their welcome quickly with a public who wants a government that works, not futile vengeful melodramas.

The Senate seems to have realized this already.

ozso · Dec 28, 2022

The word "bathroom" should be eliminated because it's discriminatory towards those who take showers instead of baths.

Always in His Presence · Dec 28, 2022

essentialsaltes said:
We don't have to ask why. Treasury has explained the law to Rep. Comer. These documents are used by law enforcement agencies, and are sometimes also shared with our intelligence agencies and those of our allies in their investigations.

Given the critical need to protect this information, the BSA generally prohibits its disclosure except as specifically authorized by statute or regulation.

Current and former employees of the federal government—or any state, local, tribal, or territorial government—are bound by the same prohibition except to the extent necessary to fulfill their official duties. Id. § 5318(g)(2)(A)(ii). Violations of the BSA’s confidentiality requirements can carry substantial civil and criminal penalties. See 31 U.S.C. §§ 5321, 5322.

They were readily available to member of the Congressional oversite member until Biden took office - now even the oversite committees cannot see them.

A change unchallenged and a question unanswered.

Always in His Presence · Dec 28, 2022

Republican says Treasury restricting access to suspicious activity reports on Hunter Biden

A top House Republican investigator says the Treasury Department is restricting access to suspicious activity reports on Hunter Biden and is investigating whether that is being done to protect President Joe Biden and his troubled son.

www.washingtonexaminer.com

This has been going on and ignored for months:

“I wrote to you requesting information regarding Hunter Biden and other Biden associates and family members’ financial transactions flagged by U.S. banks for reporting to the Financial Crimes Enforcement Network (FinCEN) through Suspicious Activity Reports (SARs). The Biden Administration is restricting Congress’ access to SARs, and Committee Republicans are investigating whether this change in longstanding policy is motivated by efforts to shield Hunter Biden and potentially President Biden from scrutiny,” Comer wrote.

Comer said that “despite Treasury’s assertion in the press … Treasury is refusing to release SARs connected with Hunter Biden or his family and associates — including the President.”

They are telling the press one thing and it is not the truth.

The Treasury Department claimed in May that it “provides SARs to Congress in a manner that enables robust oversight and that is consistent with how other sensitive law enforcement information is produced” and that it “has made SARs available for every request we’ve received, regardless of party, and will continue to do so.”

“This is not true,” Comer hit back in his new letter. “During a phone call on June 13, 2022, Treasury officials informed Committee Republican staff that they will not provide SARs to Committee Republicans unless Democrats join the request.”

House Republican says Treasury won't hand over Hunter Biden documents unless Democrats join request

Rep. James Comer says the Treasury Department "is refusing to release suspicious activity reports connected with Hunter Biden."

www.cbsnews.com

GOP: Treasury ‘runs cover’ for Hunter Biden as it withholds banking docs

The US Treasury Department has formally rejected a Republican lawmaker’s bid to examine “suspicious activity reports” on first son Hunter Biden.

nypost.com

September 2022

The US Treasury Department has formally rejected a Republican lawmaker’s bid to examine “suspicious activity reports” on first son Hunter Biden — because the request wasn’t okayed by Democrats in Congress.

“It’s unacceptable,” Rep. James Comer (R-Ky.), ranking member of the House Oversight Committee, wrote Saturday on the committee minority’s website. “The Treasury Department continues to run cover for the Biden family and possibly hide information about whether Joe Biden benefited financially from his family’s business transactions.”

"Most transparent administration" stonewalls access to financial oversight reports about Hunter Biden

The Treasury Department is blocking GOP efforts to access Suspicious Activity Reports (SARs) which might reveal the extent to Hunter and Joe Biden's shady business dealings, with over 150 such reports being filed on the Biden's

www.lawenforcementtoday.com

essentialsaltes · Dec 28, 2022

hislegacy said:
now even the oversite committees cannot see them.

James Comer is not the Committee. Just wait a few weeks, and the GOP should have majorities in all the committees.

Always in His Presence · Dec 28, 2022

essentialsaltes said:
James Comer is not the Committee. Just wait a few weeks, and the GOP should have majorities in all the committees.

Please cite where only the committee head can request the SARs report. Also a link showing why the Treasury Department lied several times saying they turned the requested information over as they publicly claimed they did.

I like people to back up their claims.

Always in His Presence · Dec 28, 2022

Even CBS reported on this months ago -

Say it aint so · Dec 28, 2022

What exactly is a SARS? And what generates them?

keith99 · Dec 28, 2022

Say it aint so said:
What exactly is a SARS? And what generates them?

A cash transaction of $10,000 or more or an aggregate of cash transactions totaling $10,000 or more in a 24 hour period. And under some definitions a stock transaction counts, even if no cash payment was made.

In other words something the government wants tracked, but not really something suspicious when it comes to large corporations and really rich people. Well unless they have one every day.

Fantine · Dec 28, 2022

Since 2016, departments have become used to "if you want info, slap on a subpoena and wait till it's appealed to the Supreme Court." The Biden administration didn't establish this trend.

essentialsaltes · Dec 28, 2022

hislegacy said:
Please cite where only the committee head can request the SARs report.

Not necessarily the head, but the committee. Comer is not the committee and he doesn't speak for a majority of the committee. His individual request received a reply.

“Since the beginning of this administration, Treasury has made SARs available in response to authorized committee requests and continues to engage on the process with any individual members seeking information.”

Always in His Presence · Dec 28, 2022

Fantine said:
Since 2016, departments have become used to "if you want info, slap on a subpoena and wait till it's appealed to the Supreme Court." The Biden administration didn't establish this trend.

Biden changed the access. It is public knowledge and has been linked to in this thread.

Report alleges Biden family has 150 Suspicious Activity Reports from Banks

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