Sunday, March 05, 2023

REPORT: Discover credit cards enabling gun retailer purchase tracking starting in April - TheBlaze

REPORT: Discover credit cards enabling gun retailer purchase tracking starting in April - TheBlaze

Tracking law-abiding Americans' retail purchases at firearms shops is only the beginning of the "scheme," Keane says. He notes that Amalgamated Bank CEO Priscilla Sims Brown has a broader aim, which she revealed to New York Times columnist Andrew Ross Sorkin. That broader goal involves using "detection scenarios" that could prompt banks to file a Suspicious Activity Report to the Treasury Department's Financial Crimes Enforcement Network. Such filings could be prompted, theoretically, for lawfully purchasing firearms, safety equipment, gear, or other items at a retailer identified with the 5723 code.

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