Ever heard of a Suspicious Activity Report?

It is a report banks have to make when a large transfer of funds happen apart from normal business activities. So if you sold your bought and paid for house and put the money in the bank you would not get reported. If a Nigerian prince wired you 100 million to help him get his money out of Nigeria it would result in a Suspicious Activity Report. Funny bit of Trivia. President Trump has never had such a report even though he deals in large sums of money all the time. President Biden has over 200 such reports of money coming from foreign countries etc that have no basis in normal business activities.

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graphite · 61-69, M

Biden is a crook who is selling America to the highest bidder (China). He and his family get rich selling US policy while knowing they will NEVER be prosecuted.

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GerOttman · 61-69, M

@SusanInFlorida No... that's kind of the point. Never will be either! Don't mean it didn't happen, the best criminals know how to keep their hands clean!

graphite · 61-69, M

@SusanInFlorida https://oversight.house.gov/release/comer-reveals-biden-family-members-receiving-payments-from-chinese-energy-company%EF%BF%BC/#:~:text=Afterwards%2C%20the%20Biden%20family%20received,obtained%20from%20the%20China%20wire.

https://nypost.com/2023/05/03/fbi-file-links-joe-biden-to-criminal-scheme-per-whistleblower-comer-subpoenas/

https://www.usatoday.com/story/news/politics/2023/03/16/house-republicans-hunter-biden-china/11484189002/

https://nypost.com/2023/04/17/six-more-bidens-may-have-gained-from-family-business-schemes-comer/

...Nothing to see here, folks. Move along.

SusanInFlorida · 31-35, F

@graphite i stand corrected. they're being treated the same as trump. oodles of criminal allegations, yet minimal prosecution.

ahhh . . . the perks of power.

SusanInFlorida · 31-35, F

Actually, ALL cash transactions of $5,000 or more are recorded and reviewed.

Maybe bone up on your financial regulations before you try to put political spin on stuff?

Carla · 61-69, F

Show us.

And...if funds were flagged, they were looked into. Seems nothing came of it.
Sorry to burst your little bubble.

justanothername · 51-55, M

Yes it’s all part of an AML agreement that all banks are now required to do. Any person filling out a mortgage application has to also complete an AML or Anti Money Laundering declaration as part of the admin process.
Presumably Biden’s 200 transactions were below the threshold so were legit.

GerOttman · 61-69, M

SAR, wife does them all the time!

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