Treasury Department ‘Caves,’ Hands Over Biden Family ‘Suspicious Activity Reports’

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Trumpeting that the Biden administration “caves” to the demands of House Republicans, a key House panel announced Tuesday the Treasury Department will allow a review of suspicious activity reports filed by banks concerning the activities of multiple Biden family members.

Republican Rep. James Comer of Kentucky, who is the chairman of the House Committee on Oversight and Accountability, said the panel will be able to review the documents privately, according to a news release on the website of the House Committee on Oversight and Accountability

“After two months of dragging their feet, the Treasury Department is finally providing us with access to the suspicious activity reports for the Biden family and their associates’ business transactions,” Comer, who began asking for the documents in January, said.

“It should never have taken us threatening to hold a hearing and conduct a transcribed interview with an official under the penalty of perjury for Treasury to finally accommodate part of our request. For over 20 years, Congress had access to these reports but the Biden Administration changed the rules out of the blue to restrict our ability to conduct oversight,” Comer said.

Comers said documents already reviewed showed that “one company owned by a Biden associate received a $3 million dollar wire from a Chinese energy company two months after Joe Biden left the vice presidency. Soon after, hundreds of thousands of dollars in payouts went to members of the Biden family.”

“We are going to continue to use bank documents and suspicious activity reports to follow the money trail to determine the extent of the Biden family’s business schemes, if Joe Biden is compromised by these deals, and if there is a national security threat,” Comer said.

Suspicious activity reports cover large transactions. As noted by Reuters, a report must be filed with the Financial Crimes Enforcement Network “whenever there is a suspected case of money laundering or fraud.”

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