Treasury Department Reverses Prior Practice And Refuses to Provide Suspicious Activity Reports to Congressmen -- Because They're About the Biden Crime Family

Suspicious Activity Reports are generated by banks whenever there are suspicious transactions from shady people -- usually foreign criminals, terrorists, or gangsters.

The Biden Crime Family -- Hunter Biden and Joe's bagman brother James -- racked up a huge number of SARs: One hundred and fifty SARs red flagged transactions.

In case you're wondering, "Maybe people routinely get hit with a lot of SARs," Representative Comey, who has a background in banking, says it's very unusual for an American citizen to get hit with "more than one" SAR in his lifetime.

And he says that if someone gets multiple SARs, the bank usually tells the client, "Find another place to do business." They don't need the problems associated with providing banking services for criminal enterprises.

But Hunter and James Biden were allowed to continue collecting money from Chinese spymasters, Ukrainian influence-peddlers, and Russian mob bosses without any adverse action from their banks. Or from anybody at all.

Certainly no negative attention from the propaganda media!

And the Treasury Department used to turn over these SARs to Congressmen on the appropriate oversight committees upon request.

But they've changed that rule to protect Hunter and James Biden. And of course "The Big Guy" getting 10%, Joe Biden.

Some background, from December, 2020:

Hunter Biden, a son of presumptive President-elect Joseph R. Biden, capitalized on a steady influx of suspicious multimillion-dollar foreign bank transfers before the Justice Department opened a criminal investigation in 2018 into whether he dodged federal taxes.

Senate Republicans laid out his network of shady beneficiaries, including oligarchs in Moscow and Ukraine and a tycoon linked to the Chinese Communist Party in Beijing, from 2014 to 2017. Their Sept. 18 report was based on suspicious activity reports filed with the Treasury Department's financial crimes enforcement network. Lending institutions contact the agency when they suspect money laundering and/or tax evasion.

Transactions like Hunter Biden's "can trigger such an investigation," said Brett L. Tolman, a former U.S. attorney for Utah. "Typically it starts as money laundering or tax [evasion] but can expand."

"The Treasury records acquired by the chairmen show potential criminal activity relating to transactions among and between Hunter Biden, his family, and his associates with Ukrainian, Russian, Kazakh and Chinese nationals," said the report by Senate Finance Committee Chairman Chuck Grassley, Iowa Republican, and Sen. Ron Johnson, Wisconsin Republican and chairman of the Senate Homeland Security and Governmental Affairs Committee.

To protect Hunter and James from having their dealings with Kazakhs and Russians exposed, Janet Yellen put a new rule in place.

Previously, members of the House Oversight Committee could request SARs and expect to have them delivered.

But not any longer -- now Janet Yellin says you need a permission slip.

From who?

From the Democrats controlling the committee and protecting Hunter Biden, of course!

House Oversight Committee ranking member James Comer, R-Ky., torched the Biden Treasury Department for running "cover" for Hunter Biden with a new rule for financial document requests.

Comer laid into the Biden administration over the new rule requiring majority consent in Congress to obtain Suspicious Activity Reports (SARs) protected under the Bank Secrecy Act, saying the department was doing so to protect Biden.

The Kentucky Republican requested the first son's SARs on Wednesday, but his request was denied with the Treasury claiming the top House Oversight Republican would need Democrats, the majority party in the House, to sign onto his request.

"The Biden Administration changed the rules to severely restrict Congress' access to suspicious activity reports in the dark of night and with no explanation," Comer told Fox News Digital on Thursday. "We now know Hunter Biden and other Biden family members have racked up at least 150 suspicious activity reports for their shady foreign business deals."

"The Treasury Department's sudden change of longstanding policy appears to be a broader pattern by the Biden Administration to run cover for Hunter Biden and possibly hide information about whether Joe Biden benefited financially from the Biden family's business transactions," he continued. "The American people deserve answers and the Biden Administration must comply with congressional oversight."

Rep. Pat Fallon, R-Texas, a member of the House Oversight Committee, called the agency's stance "unacceptable" and said the Biden administration has been denying Comer's SARs requests for the younger Biden for "weeks."

"It's simple -- Hunter Biden is a threat to our national security and Americans deserve to know if his business transactions put our country's well-being at risk," Fallon said in a Thursday statement to Fox News Digital. "For weeks, the Biden Administration has denied Ranking Member Comer's access to Suspicious Activity Reports (SARs) surrounding Hunter Biden's business endeavors."

Hey NeverTrump -- is Hunter Biden in the clear, do you think?

Treasury won't directly answer questions about this rule-change, but say that any request for SARs must be "authorized."

Authorized by the Democrats protecting Hunter, is the part they don't mention.

posted by Ace at 12:08 PM

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