Just as Democrats used social media to censor people, Democrats plan to use banks to disarm people.
Priscilla Sims Brown, president and CEO of Amalgamated Financial Corporation, announced her bank will closely track gun purchases that use credit cards.
Bloomberg reported that the bank will screen gun purchases and file a Suspicious Activity Report to the Treasury Department’s Financial Crimes Enforcement Network.
She said, “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. But as this is implemented, those scenarios will be used.”
We call this merger of government and businesses fascism.
Amalgamated is a small bank with assets of $6.6 billion. My suspicion is it will serve as a prototype for larger banks.
I suppose people could get around this by paying in cash but the government limits how much cash a person may carry.
Bloomberg, owned by Mini Mike who opposes private ownership of guns, said, “The International Organization for Standardization approved a new merchant category code earlier this year that banks will use when processing transactions for gun and ammunition stores after Amalgamated submitted an application on the matter. Gun-control advocates were quick to celebrate the move, arguing it would help banks flag suspicious activity at these retailers.
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