Treasury Has ‘Several Dozen’ More Suspicious Activity Reports On Biden Family

According to House Oversight Committee Chairman Rep. James Comer (R-KY), the Treasury Department has an additional several dozen Suspicious Activity Reports (SARs) related to the Biden Family that were previously unknown.

A SAR is a report that a bank must file with the Financial Crimes Enforcement Network (FinCEN) whenever a bank employee suspects that a personal or business customer is committing money laundering or fraud. A 2020 Senate report noted that SARs “often contain evidence of potential criminal activities, such as money laundering and fraud.”

Comer revealed last week that six banks had flagged more than 170 “large” amounts of money related to the Biden family via SARs for the treasury to review — which is 20 more than the committee had previously known about. Now, the Oversight Committee has been made aware of even more SARs related to the Biden family business.

During an interview on Fox News Channel’s “Sunday Morning Futures” about the committee’s scheduled testimony with Biden family business partner Devon Archer, Comer revealed that another “several dozen” SARs had been filed on individuals related to the Biden family and individuals who were wiring money to the Biden family that could provide a closer look into their business schemes.

Comer had already obtained copies of SARs in March that had previously been filed against Biden business associate Rob Walker, which revealed that he had received a $3 million wire transfer from CEFC China Energy Co. in 2017. Walker then transferred a total of $1.3 million from that money to four Biden family members — President Joe Biden’s son Hunter, his brother James, his late son’s widow Hallie and an unidentified “Biden.”

“There is another several dozen Suspicious Activity Reports that were filed about other people but Biden family members were the subject of those,” Comer explained. “Meaning they were involved in some type of transaction involved with a major wire that had been flagged by a bank.”

“That’s what happens when you are engaged in money laundering,” he added.

Comer noted that he had asked to review the several dozen SARs upon learning new information about the vast network of bank transfers within the Biden family business.

“We’ve learned new information since we went in there [Treasury] the first time. We requested a limited number of Suspicious Activity Reports. Those were all involving the Biden family,” he said. “Now we’ve learned of some other deals and other transactions with other entities and other people that we believe the Bidens may be subject to those transactions to those Suspicious Activity Reports as well.”

Comer, who previously served on the board of a bank for ten years before becoming a member of Congress, also spoke about SARs during an appearance on the “Verdict with Ted Cruz” podcast last week — pointing out that these reports are very rare in the banking world, as just having two of them on your record would make it extremely difficult for an average citizen to even open a bank account. He explained SARs in further detail during his appearance on the podcast using his expertise as a bank board member.