What Is Hunter Biden Accused of? Suspicious Activity Reports Explained

House Republicans announced on Thursday that they were planning to open an investigation aiming to tie President Joe Biden to the alleged finances and business dealings of his son, Hunter Biden.

During a press conference, Republican Representative James Comer spoke about “suspicious activity reports,” or “SARs,” and said that they are documents a bank must file with the Treasury Department when a transaction is “suspected to be related to money laundering or fraud, or other types of criminal activity.”

“According to media reports, the Biden family accumulated over 150 SARs,” Comer said. “One SAR generated by an American bank to the Treasury Department connects Hunter Biden and his business associates to human trafficking, among other illegal activities….The SAR shows that Hunter Biden was conducting business with suspected human traffickers.”

The announcement comes shortly after Republicans secured a majority in the House of Representatives following the midterm elections.

Hunter Biden, son of U.S. President Joe Biden, exits Holy Spirit Catholic Church after attending mass with his father (out of frame) in Johns Island, South Carolina, on August 13. On Thursday, House Republicans announced a probe into Hunter Biden. NICHOLAS KAMM/AFP/Getty Images

Newsweek reached out to the White House for comment.

This is a breaking news story and will be updated when more information becomes available.