👍🏻👍🏻H.R. 1037 “Banking Transparency for Sanctioned Persons Act👍🏻👍🏻
I agree and recommend that H.R. 1037 AKA the “Banking Transparency for Sanctioned Persons Act of 2019”should be passed, which would require the Treasury Dept. to report semiannually on financial services provided to benefit a state sponsor of terrorism or specified sanctioned persons. Treasury may8 waive these reporting requirements for a foreign financial institution if:
1). The institution credibly assures Treasury that it will cease conducting transactions for such persons, or
2) The waiver is important to the national interest.
The use of international banking 37infrastructure to move money for funding terrorism makes the world less safe for everyone. Ensuring that Congress knows when state sponsors of terrorism or specific sanctioned persons are able to use international banks will help combat this problem.
SneakyPete..... 👍🏻👍🏻HR-1037👍🏻👍🏻. 5.13.19.....