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Sen. Brown asks Treasury to probe President’s business ties

Joe Mont | March 8, 2017

U.S. Sen. Sherrod Brown (D-Ohio) has asked the U.S. Treasury Department to assess whether President Trump and his family’s investment partners and business associates from Russia and other countries have violated anti-terrorist financing, sanctions, or money laundering laws.

Brown is the ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, which has jurisdiction over a range of issues related to economic sanctions and illicit financing.

In a letter to Treasury Secretary Steven Mnuchin, Brown said the President’s “refusal to divest from investments that pose potential conflicts of interest raises concerns about his and his family’s extensive international holdings and relationships.”

The lack of transparency, Brown said, calls into question whether those interests may pose conflicts with federal laws and rules to combat terrorist financing, money laundering, and... To get the full story, subscribe now.