Banks Developing Technology To Track Gun Purchases Under Guise Of Flagging Potential Mass Shooters

Banks have been working on technology to “identify potential mass shooters” by tracking gun-related purchases and filing “Suspicious Activity Reports” with the Treasury Department’s Financial Crimes Enforcement Network.

According to comments made by Amalgamated Bank Chief Executive Officer Priscilla Sims Brown at the New York Times DealBook conference on Wednesday, the strategy would employ credit card companies to more closely track gun purchases, Bloomberg reports.

“We’re at the very early stages of this — this particular code just got approved in October, so those detection scenarios are still being brought together,” said Brown, adding “But as this is implemented, those scenarios will be used.” – READ MORE