House Oversight Committee wants answers from Treasury Department about Hunter Biden
Republican House Oversight Committee Chairman James Comer has made clear that he intends to investigate potential wrongdoing by Hunter Biden and other members of the Biden family.
However, the Kentucky congressman recently accused the Treasury Department of standing in his way.
Financial institutions required to report suspicious activity
According to NBC News, the issue is whether or not the Treasury Department has dragged its feet in providing the committee with suspicious activity reports (SARs) tied to Hunter Biden.
The Treasury Department's website explains that "[a] financial institution is required to file a suspicious activity report no later than 30 calendar days after the date of initial detection of facts that may constitute a basis for filing a suspicious activity report."
The website notes how in addition to maintaining "records of cash purchases of negotiable instruments" and filing "reports of cash transactions exceeding $10,000," financial institutions must submit reports regarding "suspicious activity that might signal criminal activity (e.g., money laundering, tax evasion)."
Comer sent a letter this past Friday to Isabella More, who serves as deputy assistant secretary for oversight for the Treasury Department. In it, he called on More to appear before the Oversight Committee on March 10 and offer an explanation of why the Treasury Department hasn't been more forthcoming about SARs linked to Hunter Biden.
Comer wants answers from Biden family and business partner
"This hearing will examine the various justifications you have provided the Committee regarding Treasury’s failure to produce documents requested of it, including SARs," Comer was quoted as saying.