THE IRS NEEDS TO CHECK THIS OUT: To the Clintons, a position on The Clinton Foundation Board of Trustees is a good way to reward donors, their cronies, children of donors, etc.
Now according to state and federal tax laws-—trustees are not merely figureheads. By law, trustees are fiduciaries and are supposed to be advised of, then expected to oversee and sign off on the allocation of all monies donated to the Foundation.
The IRS needs to see the minutes of the Clinton Foundation meetings to determine if the Clinton trustees complied w/ state and federal tax laws.
FREEPER 9THLIFE POSTED Banks are rigorous WRT drilling into their employees the why’s and wherefores of money laundering and terrorist banking activities.
EVERY transaction — especially by those who are politically connected — is subject to scrutiny.
There is no way — categorically N.O. way — in a Patriot-Act world that anyone could have pulled off what is alleged against the Clinton Foundation. Unless it was a Clinton, acting with the express complicity of some very high-ups at some very big banks.
As always, follow the money. Every suspect transaction will have a detailed report filled out and filed. If it involves international transfers and shady characters (think Friends of Bill) each and every issue would be escalated to senior management.
The reports themselves are required to be on file for 5 years. Discussion of such reports — even their existence — is strictly controlled and generally forbidden. Yet they remain on record.
It is conceivable that suspicious activity reports were passed on to govt agencies, such as OCC and whomever else has jurisdiction, and were buried there. But some bankers still know about them.
Unless they weren’t filed....and that itself is a crime under the applicable law.