latest
Auchincloss introduces “no bank accounts for terrorists”
Washington, DC — Today, Congressman Jake Auchincloss, (D, MA-04), Vice Chairman of the House Financial Services Committee and a Marine veteran of the war in Afghanistan, introduced the “No Bank Accounts for Terrorists” Act. The bill instructs the Treasury Department to monitor financial institutions to determine if they are possibly engaging in money laundering on behalf of the Taliban. When passed, the bill will also empower the Treasury Secretary to implement special measures if the Treasury determines there are reasonable grounds to conclude that accounts in connection with Afghan illicit finance are primary money laundering concerns.
“Afghanistan is in crisis. The United States has a responsibility to support humanitarian relief, in the short run, and economic development, in the long run,” Auchincloss said. “Otherwise, Afghans will suffer and the Chinese Communist Party will gain control over copper and lithium lodes that are critical for clean energy and IT supply chains. In order to pursue humanitarian and economic programs with confidence that the monies will not be funneled towards narco-terror activities, the United States must inhibit illicit financing by the Taliban.”
In November, this bill was discussed during a hearing of the Financial Services Subcommittee on National Security, International Development and Monetary Policy, of which Congressman Auchincloss is a member.
-
Community7 years ago
National Shrine of La Salette Festival of Lights 2017 set to begin
-
Community6 years ago
Massachusetts State Police looking for good home for retired dogs
-
Crime6 years ago
Fall River ranked most dangerous city in Massachusetts according to report
-
latest7 years ago
Durfee student allegedly overdoses on marijuana
-
Community6 years ago
Video of Fall River Police goes viral
-
Causes6 years ago
Missing Fall River woman found deceased
-
Crime7 years ago
Fall River Police add names to most wanted list
-
Causes6 years ago
Fall River teenager reported missing has been found
You must be logged in to post a comment Login