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The acronym SAR stands for Suspicious Activity Report. It is a document filed by banks when they suspect there are violations of Anti-Money Laundering laws. The transactions made by account holders get flagged for questionable activity.
If enough SARs get opened, accounts will eventually be closed. The details get sent to the Treasury Department. It is a common practice throughout the financial world. Each institution dealing with transactions must, by federal law, adhere to the AML rules.
For a long time, Hunter Biden’s financial transactions have come under scrutiny by numerous financial institutions resulting in numerous SARS but, nothing is done about it. Now, Republicans are demanding records and communications dating back to the Obama Administration.
Republican Senator James Comer of Kentucky, the highest ranking Republican member of the House Oversight Committee wants answers. The Senator recently sent a letter to Treasury Secretary Janet Yellen requesting information.
The Biden Administration is restricting Congress’ access to SARs, and Committee Republicans are investigating whether this change in longstanding policy is motivated by efforts to shield Hunter Biden and potentially President Biden from scrutiny,” Comer wrote in the letter to Yellen
“Though the Committee requested documents and information ‘no later than June 8, 2022,’ the Department of the Treasury has provided no documents or information,” according to Conservativebrief.com.
Comer’s letter is not the only one sent to Yellen. The Secretary already had demands on her hands from Republicans claiming Hunter’s suspicious activity reports were covered-up dating back to the White House during President Obama’s administration.
Hunter Biden’s Burisma connections through Obama’s term are all known. The energy company in Ukraine is linked to numerous money laundering violations. The only address that can be found for the company is in Cyprus.
Cyprus is infamous for old Soviet crime bosses and businessmen laundering money. It has business-friendly tax laws, access to the European Union, and barely any money laundering laws. It is much like America’s use of the Cayman Islands.
The Ukrainian connections to Hunter Biden led to an impeachment of President Trump when he pressed the Ukrainian government for information on Burisma and Biden. Despite the infamous video of Biden explaining how he pressured the Ukrainians to drop an investigation.
Kevin McCarthy is likely to be the Speaker of the House if his side wins control of Congress. He told the New York Post last week that Republicans plan to launch a series of oversight investigations into the Biden administration, including Hunter Biden.
There hasn’t been much focus on Hunter’s relationship with China either. The Obama administration assigned Joe Biden the task of developing America’s relationship with China. Those dealings have come back into the spotlight since Nancy Pelosi’s trip to Taiwan two weeks ago.
Pelosi’s son, Paul Pelosi Jr., went with the Speaker of the House and disappeared while in Taiwan. It is believed he was making deals with entities in Taiwan for his benefit. When pressed on her son’s need to be on the trip, Nancy Pelosi responded by saying, “he was her escort”.
It seems Paul is now following in Hunter’s footsteps and using taxpayer dollars to travel around the globe making shady dealings with various companies. The whole time they are doing this, the mainstream media and American government appear to be insulating them from any investigations.
It seems Barack Obama, Joe Biden, Hunter Biden, Nancy Pelosi, and her husband and son, have become very wealthy since Obama was in office. Despite well below million dollar yearly salaries, the group has become multi-millionaires. It makes you wonder how that is possible on taxpayer dollars.
