Senate Dem calls for Treasury probe into Trump business ties to Russia

Senate Dem calls for Treasury probe into Trump business ties to Russia

The top Democrat on the Senate Banking Committee called on the Treasury Department Thursday to investigate whether President TrumpDonald John TrumpLawmakers release defense bill with parental leave-for-Space-Force deal House Democrats expected to unveil articles of impeachment Tuesday Houston police chief excoriates McConnell, Cornyn and Cruz on gun violence MORE’s business empire violates international financial sanctions and terrorism funding laws.

Sen. Sherrod BrownSherrod Campbell BrownOn The Money: White House, Dems edge closer to trade deal | GOP worries about Trump concessions | DOJ argues Congress can't sue Trump on emoluments | Former Fed chief Volcker dies Both sides have reason to want speedy Trump impeachment trial Lawmakers battle over future of Ex-Im Bank MORE (D-Ohio) claimed in a Thursday letter to Treasury Secretary Steven Mnuchin that Trump’s refusal to divest from the Trump Organization could expose him to money laundering, illicit finance and sanctions violations.

Brown said Mnuchin should ask Trump for a list of his company’s “investors, business partners, politically exposed persons and related actors.”


“President Trump’s refusal to disclose his business dealings makes it unclear whether he and his family may be exposed to terrorist financing, sanctions, or money laundering risks through their relationships with investors and associates from Russia and other nations,” Brown said. “It is in the interest of the American people and the Trump family that Treasury independently assess any risks associated with these investors to make sure they are not at risk of violating U.S. laws.”

Brown cited several Trump-branded development projects that were funded by Russian investors, quoting Donald Trump Jr.’s remarks at 2008 presentation.

“Russians make up a pretty disproportionate cross-section of a lot of our assets; say in Dubai, and certainly with our project in SoHo and anywhere in New York,” said Trump Jr. “We see a lot of money pouring in from Russia."

Brown's letter comes a day after a Washington Post report on Attorney General Jeff SessionsJefferson (Jeff) Beauregard SessionsSenate Democrats demand Trump fire Stephen Miller The shifting impeachment positions of Jonathan Turley Rosenstein, Sessions discussed firing Comey in late 2016 or early 2017: FBI notes MORE not telling senators while under oath about his contacts with the Russian ambassador provided new details about the ties between Russia and top Trump campaign aides.