Federal Bureau of Investigation probing Russian wire transfers labeled 'to finance election campaign of 2016'

Lester Mason
November 15, 2017

The FBI is reportedly looking into a group of wire transfers the Russian foreign ministry sent to embassies around the world with a memo line that said "to finance election campaign of 2016".

The transactions moved between Citibank accounts in nearly 60 countries and totaled $380,000. What remains unclear, however, is how the funds were used.

The FBI is scrutinizing more than 60 wire transfers, BuzzFeed News reported on Tuesday, totaling more than $380,000. The bank ultimately found dozens of transfers with similar memo lines sent to countries ranging from Afghanistan to Nigeria. "How could we not investigate a suspicious financial transaction that contained a memo that said, 'finance election campaign 2016?'..."

"Seven nations had federal elections during the span when the funds were sent - including the Duma, Russia's lower house of Parliament, on September 18, 2016".


A Citibank review has turned up dozens of similar transactions, BuzzFeed reported, all of which are suspicious in that the bank's compliance officers have been "unable to determine the financial, business, or legal objective of the transactions".

"We had an election and the intelligence community concluded Russian Federation interfered in it", said one Federal Bureau of Investigation agent on the condition of anonymity to Buzzfeed. With that said, a new revelation in the investigation has just shed light on what appears may be payments made by the Russian Foreign Ministry to its embassies across the globe, including the one in Washington D.C. here in the United States. "It's a good lead".

Off the bat, the transactions are suspicious, considering the fact that the USA intelligence community concluded in January that Russian Federation meddled in the 2016 election in order to get President Trump elected. The Senate Intelligence Committee committee asked FinCEN for "any actions" the agency took to support investigations of individuals and businesses with ties to Russian Federation, any documents it sent to the FBI, and any requests for information it sent to banks. Information on the transfers was provided to them by the Treasury Department's Financial Crimes Enforcement Network, or FinCEN.

Other reports by Iphone Fresh

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