Posted 1/22/2024, 5:29:42 PM
Senator Questions Treasury on Reported Effort to Flag 'Trump' Bank Transactions
- Senator Tim Scott pressed Treasury Secretary over report that FinCEN instructed banks to flag transactions with terms like "TRUMP" or "MAGA"
- Banks also told to look at transactions involving purchase of religious texts and shopping at outdoor sporting goods stores
- Scott asked if Treasury Dept had role in getting private bank data and if directed by FBI or Justice Dept
- Letter raises concerns about weaponizing financial system and payments against lawful activity
- House Judiciary Chair requested interview with former FinCEN official to discuss report and safeguards for constitutional liberties