𝐍𝐄𝐖 𝐑𝐄𝐏𝐎𝐑𝐓: 𝐇𝐨𝐰 𝐭𝐡𝐞 𝐅𝐞𝐝𝐞𝐫𝐚𝐥 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐖𝐞𝐚𝐩𝐨𝐧𝐢𝐳𝐞𝐝 𝐭𝐡𝐞 𝐁𝐚𝐧𝐤 𝐒𝐞𝐜𝐫𝐞𝐜𝐲 𝐀𝐜𝐭 𝐭𝐨 𝐒𝐩𝐲 𝐨𝐧 𝐀𝐦𝐞𝐫𝐢𝐜𝐚𝐧𝐬 Think your finances are private? Think again.

THREAD 🧵 This new report reveals how, under the Biden-Harris Administration, the FBI and the Treasury Department have manipulated federal laws like the Bank Secrecy Act (BSA) to access Americans' private financial data—without a warrant.

It all started after a whistleblower told the Committee that following January 6, Bank of America (BoA) voluntarily provided the FBI with a list of individuals who used BoA cards in the DC area during that time—𝐰𝐢𝐭𝐡𝐨𝐮𝐭 𝐥𝐞𝐠𝐚𝐥 𝐩𝐫𝐨𝐜𝐞𝐬𝐬.

In response, @JudiciaryGOP and @Weaponization launched an investigation. We uncovered evidence of federal law enforcement engaging in broad financial surveillance, prying into the private transactions of American consumers.

In fact, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) and the FBI facilitated multiple backchannel discussions with financial institutions to gather Americans’ private financial information.

The federal government used sweeping terms like “MAGA” and “TRUMP” to flag Americans, even treating the purchase of Bibles or firearms as signs of “extremism.” 𝐑𝐄𝐀𝐃 𝐎𝐔𝐑 𝐅𝐈𝐑𝐒𝐓 𝐑𝐄𝐏𝐎𝐑𝐓:

One of the most alarming findings in the new report is that federal law enforcement has been manipulating the Suspicious Activity Report (SAR) system to gain access to financial information without warrants or probable cause.

The FBI encourages banks to file SARs on individuals they deem "suspicious."

When banks submit a SAR with your financial details, FinCEN compiles it into a searchable database. In 2023, it was accessed by over 14,000 government employees for more than 𝟑 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐰𝐚𝐫𝐫𝐚𝐧𝐭𝐥𝐞𝐬𝐬 𝐬𝐞𝐚𝐫𝐜𝐡𝐞𝐬. The scale of this surveillance is staggering.

This ongoing investigation reveals a disturbing trend: The government is using financial institutions as de facto arms of law enforcement, profiling Americans and flagging them as “suspicious” based on vague criteria.

Without safeguards, this could lead to widespread abuse of power and debanking.

This investigation is not over. The federal government's ability to spy on Americans’ financial data cannot go unchecked.