The top Republican on the House Oversight Committee is pressing financial adviser Edward Prewitt on Hunter Biden’s allegedly suspicious foreign activities that have been flagged by U.S. banks.
“More than 150 transactions from the Bidens’ business dealings have been flagged by U.S. banks through filings of Suspicious Activity Reports (SARs) to the Financial Crimes Enforcement Network,” Rep. James Comer (R-Ky.) wrote in a letter (pdf) dated July 27 to Prewitt, who is a managing director for investments at Prewitt Mahler Tucker Private Wealth Management Group.
U.S. banks are required by law to flag cash transactions exceeding $10,000 per day and automatically file SARs in an effort to prevent criminal activities such as money laundering and tax evasion….