Lawmakers want to know how much money President Biden's family and their business associates may have reaped from deals made in the years he served as vice president and beyond, and the trail begins at the Treasury Department's dozens of suspicious...
has denied being involved or knowing anything about the business dealings of his son, brother and their associates.
“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,” Mr. Comer said.and several of their business associates to voluntarily provide them with records and documents related to their deals.
“Rep. Comer knows all too well that SARs reports are not uncommon,” Mr. Lowell, said in a statement to The Washington Times. “In fact, there have been more than 65,000 SARs that have been filed in Rep. Comer’s own congressional district since 2014. If Rep. Comer and his Republican colleagues on the Committee are so interested in these reports, they should be providing information to the public on the more than 6.
According to the FDIC, banks are required to file a SAR if they suspect “a known or suspected violation of federal law.” Banks are watching for insider abuse, transactions aggregating $5,000 or more where a suspect can be identified, transactions aggregating $25,000 or more regardless of potential suspects, and transactions amounting to $5,000 or more that involve potential money laundering or violations of the Banking Secrecy Act, the FDIC rules state.
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