Gillibrand calls upon feds to implement advisory for financial institutions to report suspicious gun purchases | amNewYork

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Gillibrand calls upon feds to implement advisory for financial institutions to report suspicious gun purchases | amNewYork
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Senator Kirsten Gillibrand urged the federal Justice and Treasury Departments on Sunday to swiftly implement newly approved methods of tracking mass shooters and gun traffickers.

In September, the International Organization for Standardization approved merchant category codes in order to help keep a close watch on those making large-scale purchases of firearms and ammunition. These four-digit numbers are the same merchant codes that are used in grocery stores, nail salons and other businesses — but up until recently gun retailers were able to operate without these codes, making it impossible to know when an individual made a bulk purchase of deadly weapons.

Gillibrand is requesting a set of guidelines for financial institutions, law enforcement and retailors to utilize in reporting suspicious firearm purchases that could lead to gun trafficking.Photo by Dean Moses While it’s been established that financial institutions would normally have to submit Suspicious Activity Reports to the government when they believe purchases have been made to commit terrorism, human trafficking, and fraud; there is currently no policy in place for financial institutions and law enforcement to report suspicious mass purchases at gun and ammunition stores.

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