The Biden Treasury Department agreed to give congressional investigators access to secret bank records that flagged suspicious overseas financial transactions involving Hunter Biden and the first family on Tuesday, capping off weeks of backtracking.
Chairman of the House Oversight and Accountability Committee, James Comer, announced the agreement to allow his investigators access to the so-called Suspicious Activity Reports in a secure reading room.
“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 said Tuesday morning.
“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,” he added.
According to Breitbart, US banks filed more than 150 SARs involving the accounts of James and Hunter Biden. President Joe Biden may have been involved, according to Comer, which could indicate that the US president was “compromised” in some way and pose “a national security threat.”
According to Comer, bank records already show a “$3 million wire” from a Chinese energy company to a “Biden associate” not long after the US president left his vice presidency, according to Just the News. He claimed that the Biden family received additional “payouts” after that payment.
In order to assist the US government in identifying and preventing money laundering schemes, banks submit SAR reports. Financial institutions are required to submit the reports for any cash transactions that exceed $10,000 in this regard. Additionally, banks are required to keep track of any negotiable instruments bought with cash and to report any suspicious activity that might be related to criminal activity.
