Quote of the Day
The Committee and Select Subcommittee have obtained documents showing that FinCEN distributed slides, prepared by a financial institution, explaining how other financial institutions can use MCC codes to detect customers whose transactions may reflect “potential active shooters, [and] who may include dangerous International Terrorists / Domestic Terrorists / Homegrown Violent Extremists (‘Lone Wolves’).” For example, the slides instruct financial institutions to query for transactions using certain MCC codes such as “3484: Small Arms,” “5091: Sporting and Recreational Goods and Supplies,” and the keywords “Cabela’s,” and “Dick’s Sporting Goods,” among several others. Despite these transactions having no apparent criminal nexus—and, in fact, relate to Americans exercising their Second Amendment rights— FinCEN seems to have adopted a characterization of these Americans as potential threat actors. This kind of pervasive financial surveillance, carried out in coordination with and at the request of federal law enforcement, into Americans’ private transactions is alarming and raises serious doubts about FinCEN’s respect for fundamental civil liberties.
Chairman Committee on the Judiciary and the Select Subcommittee on the Weaponization of the Federal Government
January 17, 2024
Letter to Noah Bishoff, former Director of the Office of Stakeholder Integration and Engagement in the Strategic Operations Division of the Financial Crimes Enforcement Network (FinCEN)
Via email from John S.
We live in interesting times. Prepare appropriately.