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Right after winning the US midterm elections, the House Republicans unveiled a probe into President Joe Biden’s family. The investigation also includes business activities of Biden’s son Hunter Biden. James Comer, a Republican Representative, said on Thursday that the investigation is focused on Hunter Biden’s business dealings. He mentioned a Suspicious Activity Report (SAR) that relates to Hunter Biden’s business and international human trafficking besides other illegal activities. The SAR is a document type that financial institutions have to file with the Treasury Department.
Joe Biden’s Potential Involvement In Human Trafficking
Also, the Republicans are looking into President Joe Biden’s involvement in the dealings, as per a NewsWeek report. Comer said the report showed Hunter Biden was associated in business with suspected human traffickers. He added that the money gained through political influence was diverted to a suspected case of human trafficking. This comes at the back of the Republicans’ previous claim of launching investigation into the Biden family after the midterms.
“The SAR shows that Hunter Biden was conducting business with suspected human traffickers. As part of our investigation, we have evidence that the finances, credit cards and bank accounts of Hunter and Joe Biden were commingled, if not shared.”
During a press conference, he said the committee Republicans were seeking additional financial documents from the Treasury Department. He claimed that the Republicans possess evidence that Joe Biden and Hunter Biden shared or transacted between each other in bank accounts and credit cards. Earlier, in 2018, Hunter Biden has been subject to a federal investigation around money laundering charges when Joe Biden was the Vice President.
Biden’s Crypto Stance
The Joe Biden administration issued an advisory for the Congress to go ahead with the regulations on cryptocurrencies. The US Financial Stability Oversight Council asked the lawmakers to form an agreement over the laws on regulations on Bitcoin and other crypto assets.
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