Report: Treasury Dept. Blocks Access to 150 ‘Suspicious’ Hunter Biden Financial Transactions

Reports indicate that some 150 or so “Suspicious Activity Report” (SAR) files exist within the Treasury Department filled with flagged financial transactions between Hunter Biden and foreign entities. The reports may go beyond Hunter and include other members of the Biden family, perhaps even President Joe Biden himself.

Republicans on the House Committee on Oversight and Reform have been looking into Hunter Biden’s incredibly troubling record with raking in cash from dubious foreign actors such as a Ukrainian energy company and a Chinese energy firm with ties to the Chinese Communist Party.

The investigation, however, has hit a brick wall since the Treasury Department has decided it will no longer cooperate with requests as it had been for months:

A House Republican accused the Treasury Department in a letter Wednesday of running interference for the White House in an effort to stymie efforts to investigate Hunter Biden’s finances.

Rep. James Comer, the ranking member of the House Committee on Oversight and Reform, cited a June 13 phone call in which “Treasury officials informed Committee Republican staff that they will not provide SARs to Committee Republicans unless Democrats join the request.”

“Treasury is refusing to release suspicious activity reports connected with Hunter Biden or his family and associates—including the President,” Comer wrote in his letter to Treasury Secretary Janet Yellen.

The abrupt change in policy seemed to arise recently and only pertains to documents involving Hunter Biden and related matters. Clarification is being sought on why the sudden policy change occurred but that question has also been met with resistance:

Under previous administrations, members of Congress could request copies of SARs, but Comer wrote that House Republicans are also investigating why that access has been restricted. Congressional staffers can now only review those records in-person and cannot make copies.

“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.

Comer’s May letter cited a CBS News report that more than 150 financial transactions involving the global business affairs of either Hunter Biden or the president’s brother James Biden were flagged as concerning by U.S. banks for further review. Large wire transfers were among the transactions flagged.

The reports in question were legally required documents filed by financial institutions whenever an individual or entity engages in large international transactions that could have the appearance of impropriety.

Potential triggers leading a bank to file a SAR with the Treasury Department range from transactions over $10,000, to large purchases with negotiable instruments such as a personal check, to reporting activity that resembles money laundering or tax evasion. Any or all of those scenarios could cover Hunter Biden’s transactions, and it’s possible they’re all within their legal bounds.

However, given what is already known about the investigation, and the contents of authenticated Hunter Biden laptop which contained troves of information including references to Joe Biden collecting money as “the big guy,” it seems pertinent that the Treasury Department would allow access to records of this nature.

The only conceivable reason now for the stonewalling is for further protection of Hunter Biden and the Biden family.

Time is of the essence since at some point the records in question will be destroyed making a “run out the clock” defense all that more convenient:

In Wednesday’s letter he also asked the Treasury Department for records that might otherwise be destroyed pertaining to Biden family finances since the president’s inauguration on Jan. 20, 2021.

It’s unquestionable that Hunter Biden has been involved with incredibly problematic foreign business arrangements since Joe Biden’s time as Vice President. The question is how wide the tentacles of the Biden family money operation go and how close they get to the president.

If the Biden administration, which now runs the Treasury Department, can stonewall long enough, it’s possible that the SAR records will never see the light of day.