Pauls' Revere
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Banks are developing technology to identify potential mass shooters, according to a CEO backing the push to get credit-card companies to more closely track gun purchases.
“Detection scenarios” are in the works that, if triggered, would prompt banks to file a Suspicious Activity Report to the Treasury Department’s Financial Crimes Enforcement Network, Amalgamated Bank Chief Executive Officer Priscilla Sims Brown said at the New York Times DealBook conference Wednesday.
“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,” Brown said. “But as this is implemented, those scenarios will be used.”
Banks are developing technology to identify potential mass shooters, according to a CEO backing the push to get credit-card companies to more closely track gun purchases.
“Detection scenarios” are in the works that, if triggered, would prompt banks to file a Suspicious Activity Report to the Treasury Department’s Financial Crimes Enforcement Network, Amalgamated Bank Chief Executive Officer Priscilla Sims Brown said at the New York Times DealBook conference Wednesday.
“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,” Brown said. “But as this is implemented, those scenarios will be used.”
