Hunter Biden, son of President Biden, was involved in discussions to establish a bank account with a Maltese institution later shut down due to money laundering concerns. This occurred in 2016 while he held a board position at Burisma, a Ukrainian energy company. The bank in question, SataBank, had its assets frozen in October 2018 by the Malta Financial Services Authority (MFSA) and was officially liquidated in December 2022.
Emails reveal that Hunter Biden coordinated with Vadym Pozharskyi, a senior Burisma executive, to set up the account, reportedly at SataBank. The process involved submitting personal information, including Hunter's passport and tax details. These communications also included other individuals associated with Hunter's now-defunct firm, Rosemont Seneca Partners.
President Biden and his son Hunter Biden at the White House. (Drew Angerer/Getty Images)
Email correspondence regarding the Maltese bank account. (Fox News)
Hunter Biden's email response regarding his passport. (Fox News)
Email containing SataBank's SWIFT code and address. (Fox News)
Discussion of required documents for the bank account. (Fox News)
Burisma Holdings headquarters in Kiev, Ukraine. (Evgeniy Maloletka/Bloomberg via Getty Images)
Email confirming receipt of required documents. (Fox News)
This attempt to open a SataBank account coincides with a U.S. Attorney's Office investigation into Hunter Biden for potential tax and money laundering violations, which began in late 2018. The House Oversight and Accountability Committee is also investigating the Biden family's international business dealings, alleging over $10 million in payments from foreign sources while Joe Biden served as Vice President.
