Serious potential for abuse and invasion of privacy.
“… Bill to Use Financial Tools to Track Mass Shooting, Domestic Terrorism Patterns…”
Today, Everytown for Gun Safety, Moms Demand Action, and Students Demand Action applauded the introduction of the Preventing Gun Violence Through Financial Intelligence Act by Sen. Ed Markey (D-MA) and Reps. Madeleine Dean (D-PA) and Jennifer Wexton (D-VA).
The bill would require the Financial Crimes Enforcement Network (FinCEN) at the Department of Treasury to develop an advisory that would provide guidance to banks on how to detect and report suspicious activity related to how mass shooters procure the firearms and firearm accessories used in acts of terrorism, and the ways that gaps in the U.S. firearms market are criminally exploited to facilitate gun violence in America.
“Just as banks and financial institutions have used their sophisticated modeling tools to identify fentanyl tracking, they should be using the same tools to help address another public health crisis: gun violence,” said John Feinblatt, president of Everytown for Gun Safety. “We applaud Representatives Dean and Wexton, as well as Senator Markey, for introducing legislation to make sure banks are doing their part and reporting suspicious activity related to firearms, which will help prevent gun violence before it happens.”
