Senate panel digging into 2,000 documents in Trump investigation
WASHINGTON — The Senate Intelligence Committee’s investigation of the Trump campaign’s possible links to Russia is now focused sharply on financial transactions involving the president’s associates with the committee searching for improprieties in more than 2,000 documents it has received from the Treasury Department’s financial crimes unit.
The Treasury Department turned over the documents a few days ago after protracted negotiations with the committee, the panel’s vice chairman, Virginia Democrat Mark Warner, told Bloomberg — and only after Senate Democrats threatened to hold up a Treasury nominee until they received the information.
Separately, Warner told reporters that the committee is entering a higher profile phase where they plan to interview associates of President Donald Trump who have been mentioned in the media as having possible ties to Russians. Warner said he still expects Jared Kushner, the president’s son-in-law and a senior adviser, will keep his commitment to testify in front of the committee.
He also said the panel has a commitment to receive memos written by former FBI Director James Comey about his meetings and conversations with Trump. Warner said the committee will get the memos “soon.” Lack of cooperation
House Democrats are also trying to get access to Treasury documents related to the president’s associates — a sign of their interest in the Trump team’s financial transactions as well. But they are fuming over what they say is a lack of cooperation from House Republicans and Treasury in providing documents.
“None. None whatsoever,” said Maxine Waters, the top Democrat on the House Financial Services Committee, who added, “Congressional expertise on money laundering, for example, is in our committee.”
It wasn’t immediately clear who was the subject of the Treasury financial records. “This is the part of Treasury that oversees financial crimes and money laundering,” Warner said. “We’re not making any accusations, but it’s important to have that information.”
The Treasury Department said it takes congressional requests very seriously and attempts to be responsive to them.
Financial transactions involving Trump’s former campaign chairman Paul Manafort and his ousted national security adviser Michael Flynn are reportedly part of a separate FBI criminal investigation into links between Trump’s campaign and the Russian government. Looking at ties
While Warner wouldn’t detail the Treasury documents he’s seeking — which include an additional tranche that is on its way to the committee — the panel has been probing ties between a number of Trump associates and Russian interests, including Manafort and Flynn.
On Tuesday, Manafort reported more than $17 million in income in 2012 and 2013 from a Ukrainian political party with links to Russia.
But Richard Burr, the panel’s chairman, cautioned that it’s not clear whether the financial documents the panel is receiving will prove relevant to its investigation.
“It’s hard to assess. This won’t be the first tranche of documents that we’ve gotten that were of little to no value,” Burr, a North Carolina Republican, said. “We haven’t gotten any new leads, I’ll put it that way.”
On the House side, Waters and other top committee Democrats wrote to Treasury Secretary Steven Mnuchin on May 23 requesting a wide-ranging list of information and documents by June 2 from the Department, including its Financial Crimes Enforcement Network. That letter has gone unanswered.
FinCen tracks, analyzes and maintains some 200 million Bank Secrecy Act records involving more than 80,000 financial institutions, ranging from suspicious activity reports and currency transactions to foreign banks and bilateral and multilateral financial account reporting.
That letter lists 12 separate areas of inquiry. They touch on “suspicious activity” reports related to potential money laundering violations by Russians involving the Trump Organization, various loans or other forms of credit related to Russia.