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 ...
I thought banks had to report any transfer 10k or more or does that only apply to “the people”?
Bump
I’m just guessing, but I think this gravy train will be gone before Obama’s daughters can jump on it.
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??
Think I’ll get a bunch of kettle corn.
Letter from Grassely, ignored and forgotten, just like the letters during the SC hearing. Dump these senile losers, they hate Trump.
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.
Poor Hunter picked a helluva time to give up cocaine.
These payments went thru 3 countries before US!!! Most likely Hunter only got $9000.00 and Joe and Obama and others got the rest!
These payments went thru 3 countries before US!!! Most likely Hunter only got $9000.00 and Joe and Obama and others got the rest!
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.
lol
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
All records during that timeframe have been misplaced.....
“...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.
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.
Because it was proceeds from the sale of a dwelling.
I think that’s if you’re flying with $10k or more, that you have to declare it.
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