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 TrumpVeterans groups demand end to shutdown: 'Get your act together' Brown launches tour in four early nominating states amid 2020 consideration Pence on border wall: Trump won't be ‘deterred’ by Dem ‘obstruction’ MORE’s business empire violates international financial sanctions and terrorism funding laws.

Sen. Sherrod BrownSherrod Campbell BrownBrown launches tour in four early nominating states amid 2020 consideration Pro-Trump group doing opposition research on Sherrod Brown’s wife: report Press: White House not only for white males 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.”

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“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 Sessions5 takeaways from Barr’s testimony AG pick Barr emphasizes independence from Trump Hillicon Valley: Trump AG pick signals new scrutiny on tech giants | Wireless providers in new privacy storm | SEC brings charges in agency hack | Facebook to invest 0M in local news 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.