Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

U.S. Republican senators ask Treasury for suspicious activity reports on Hunter Biden
Reuters ^ | November 22, 2020 | by Richard Cowan, Valerie Volcovici

Posted on 11/22/2019 12:20:29 PM PST by Oldeconomybuyer

The Republican chairmen of two U.S. Senate committees have asked the Treasury Department to provide any reports of money laundering or fraud related to former Vice President Joe Biden’s son’s business dealings with a Ukraine energy firm, according to a letter seen by Reuters on Friday.

The letter seeks “suspicious activity reports,” which are documents that financial institutions file with the Treasury Department’s Financial Crimes Enforcement Network whenever there is a suspected case of money laundering or fraud. It was unclear whether any such reports exist related to Hunter Biden, the former vice president’s son.

Senate Finance Committee Chairman Chuck Grassley and Homeland Security and Governmental Affairs Committee Chairman Ron Johnson sent the request in a letter dated Nov. 15 to Treasury Department Director of Financial Crimes Enforcement Network Ken Blanco.

The chairmen said they want information by Dec. 5 related to Hunter Biden, who was on the board of directors of Burisma Holdings, which had been under investigation in Ukraine.

(Excerpt) Read more at reuters.com ...


TOPICS: Crime/Corruption; Foreign Affairs; Front Page News; News/Current Events; Politics/Elections; US: Iowa; US: Wisconsin
KEYWORDS: alexandervindman; biden; braking; bribery; burisma; chuckgrassley; cornpop; crookedbidens; dirtyhunter; election2020; ericciaramella; hunter; hunterbiden; iowa; kenblanco; ronjohnson; ukraine; wisconsin
Navigation: use the links below to view more comments.
first 1-2021-39 next last

1 posted on 11/22/2019 12:20:30 PM PST by Oldeconomybuyer
[ Post Reply | Private Reply | View Replies]

To: Oldeconomybuyer

I thought banks had to report any transfer 10k or more or does that only apply to “the people”?


2 posted on 11/22/2019 12:22:39 PM PST by fruser1
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

Bump


3 posted on 11/22/2019 12:23:43 PM PST by Jim Robinson (Resistance to tyrants is obedience to God!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

I’m just guessing, but I think this gravy train will be gone before Obama’s daughters can jump on it.


4 posted on 11/22/2019 12:26:51 PM PST by ImJustAnotherOkie (All I know is The I read in the papers.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

Think about this....The Senate Committee is investigating Hunter Biden. According to the Dems, that would benefit the President. So are all the Republican Senators going to be impeached??


5 posted on 11/22/2019 12:29:49 PM PST by Sacajaweau
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

Think I’ll get a bunch of kettle corn.


6 posted on 11/22/2019 12:29:50 PM PST by polymuser (It's discouraging to think how many people are shocked by honesty and how few by deceit. Noel Coward)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

Letter from Grassely, ignored and forgotten, just like the letters during the SC hearing. Dump these senile losers, they hate Trump.


7 posted on 11/22/2019 12:30:01 PM PST by Souled_Out (Our hope is in the power of God working through the hearts of people.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

So, the deep state thought they could arm the dopes in congress protect themselves by going on offense against Trump, and all they succeeded in doing was bring to light the kinds of corruption they were hoping to (and successfully) hide because the media was complicit with it.

I bet they wish they could get a do over.


8 posted on 11/22/2019 12:30:32 PM PST by z3n
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

Poor Hunter picked a helluva time to give up cocaine.


9 posted on 11/22/2019 12:31:15 PM PST by billorites (freepo ergo sum)
[ Post Reply | Private Reply | To 1 | View Replies]

To: fruser1

These payments went thru 3 countries before US!!! Most likely Hunter only got $9000.00 and Joe and Obama and others got the rest!


10 posted on 11/22/2019 12:34:41 PM PST by Ann Archy (Abortion....... The HUMAN Sacrifice to the god of Convenience.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: fruser1

These payments went thru 3 countries before US!!! Most likely Hunter only got $9000.00 and Joe and Obama and others got the rest!


11 posted on 11/22/2019 12:34:42 PM PST by Ann Archy (Abortion....... The HUMAN Sacrifice to the god of Convenience.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: fruser1
I thought banks had to report any transfer 10k or more or does that only apply to “the people”?

Not exactly correct. It's a little more complicated than that. If there's one transfer payment from a country on a list or lists of countries or companies under watch by the US Government, it gets reported regardless of how much the payment is.

If there's a transfer payment from a suspicious individual on the list to a person not on the list, it's reported. No matter what the amount.

Now as to your specific question, one payment or transfer from you to I that's $10k or over doesn't get reported. It's considered a one-off and not suspicious. I paid for one of my son's cars doing a transfer to the private party seller. It was well over $10k and no one asked me what it was even for.

If I'm making a routine (as in, there's a pattern) payment to an individual and deliberately keeping it just below $10k, it gets reported. Just as it would if there was a pattern of making a routine payment over $10k following the same pattern.

These transactions get a certain level of scrutiny to make sure they're legitimate and once concluded so, nothing happens. Nothing meaning neither party is even aware of it.

If there *is* an issue with the payments, both parties in the transactions would know about it as they'd be investigated and likely some form of legal charge would follow.

All of this because of AML (Anti Money Laundering) laws that are supposed to stop drug related transactions. At least that's what started it, the use of AML laws has been expanded far beyond that.

12 posted on 11/22/2019 12:37:11 PM PST by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
[ Post Reply | Private Reply | To 2 | View Replies]

To: billorites
Poor Hunter picked a helluva time to give up cocaine.

lol

13 posted on 11/22/2019 12:44:48 PM PST by Zuben Elgenubi (NOPe to GOPe)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Oldeconomybuyer

Hunter/Chelsea 2024 or vice versa. “No Controlling Legal Authority” for our authoritarians.

“Who will protect us from our protectors?” Mark RIP Scott - Detroit talk radio


14 posted on 11/22/2019 12:52:34 PM PST by PGalt
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

All records during that timeframe have been misplaced.....


15 posted on 11/22/2019 1:29:19 PM PST by Erik Latranyi (The Democratic Party is now a hate-group)
[ Post Reply | Private Reply | To 1 | View Replies]

To: usconservative
The one receiving the cash has to files this IRS form.
16 posted on 11/22/2019 1:32:09 PM PST by Robert DeLong
[ Post Reply | Private Reply | To 12 | View Replies]

To: fruser1

“...I thought banks had to report any transfer 10k or more or does that only apply to “the people”?...”
That’s just for the “unwashed masses”, not for our esteemed ruling elite class. The useless SOB probably didn’t pay a dime in income taxes either.


17 posted on 11/22/2019 1:40:29 PM PST by lgjhn23 (It's easy to be liberal when you're dumber than a box of rocks.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Robert DeLong

I’m not sure about that. When I sold my previous home and purchased my townhome, I put well over $100k into my savings account after paying for my townhome and no one at the bank blinked an eye about it. That was two years ago. No form, nothing.


18 posted on 11/22/2019 1:52:47 PM PST by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
[ Post Reply | Private Reply | To 16 | View Replies]

To: usconservative

Because it was proceeds from the sale of a dwelling.


19 posted on 11/22/2019 2:03:57 PM PST by Robert DeLong
[ Post Reply | Private Reply | To 18 | View Replies]

To: fruser1

I think that’s if you’re flying with $10k or more, that you have to declare it.


20 posted on 11/22/2019 4:07:45 PM PST by wastedyears (The left would kill every single one of us and our families if they knew they could get away with it)
[ Post Reply | Private Reply | To 2 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-39 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson