BREAKING: Bank money laundering investigator warned of 'erratic' payments to Hunter Biden from China in 2018: House Oversight

The email noted that China had been "targeting children of politicians and purchase of political influence through 'sweetheart deals.’"

Hannah Nightingale Washington DC

On Wednesday, the House Oversight Committee revealed that a bank had flagged concerns over transactions from Chinese entities to entities owned by Hunter Biden in 2018, money from which eventually landed in the hands of Joe Biden.

"We have been monitoring the subject customer due to the PEP designation and observations on the account activity as well as recent negative news indicate this entity to be high risk," the internal email from the bank’s money laundering investigator, sent June 28, 2018, stated.

The email, obtained through subpoenas issued by Oversight Chairman James Comer, showed the investigator expressing concerns over the $5 million in funding from Northern International Capital Holdings, an entity affiliated with the Chinese government-linked CEFC Energy, and the subsequent payments made to Hunter Biden’s joint venture with a Chinese national Hudson West III as well as Owasco PC, another entity owned by Hunter Biden.

"We find it unusual that approximately 58 percent of the funds were transferred to the law firm in a few months and the frequency of payments appear erratic. It was also previously indicated that Hudson West III LLC does not currently have any investment projects at this time, which raises further concerns as millions in fees are being paid but does not appear to have any services rendered by Owasco PC," the email states.

"Furthermore, there has been negative news regarding the beneficial owner of Owasco PC, Robert Hunter Biden (son of former US Vice President - Joe Biden) regarding allegations by his ex-wife that there were financial concerns about his extravagant spending on his own interests (drugs, strip clubs, prostitutes, etc) which may put his family in a deep financial hole."

The email noted that China had been "targeting children of politicians and purchase of political influence through 'sweetheart deals.'"

“Long before our investigation into President Biden’s corruption, a bank money laundering investigator raised the exact concerns that we raised publicly about the Biden family business: ‘payments appear erratic,’ ‘does not appear to have any services rendered,’ ‘no current business purpose,’ and ‘China target[s] children of politicians and purchase of political influence through ‘sweetheart deals.’ Those are the words of a bank investigator who was just doing his job. The bank investigator was so concerned about Hunter Biden’s financial transactions with the Chinese company, he wanted to re-evaluate the bank’s relationship with the customer,” said Chairman Comer.

“Even worse, we know that the sitting President of the United States knew about, participated in, and benefited from his family’s shady China dealings. Joe Biden showed up to his son’s CEFC meetings and benefited from the money wired from China. The White House and their Corporate Media allies’ efforts to excuse and coverup this blatant corruption is appalling to the American people. House Republicans will continue to unearth the facts and provide the accountability the American people deserve,” continued Chairman Comer.

In early November, Comer revealed that Joe Biden received a $40,000 check from the account of his brother, James, and sister-in-law, Sara. Biden was given the check after a series of transactions, which began with the $5 million funding from Northern International Capital Holdings.

This is a breaking story and will be updated.
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