Amalgamated Bank Featured on CBS News About How Financial Institutions Can Help Curb Gun Crime

Amalgamated Bank announced that its application to the International Standards Organization for a new merchant category code (MCC) for gun and ammunition stores was approved. This code is the key to creating new tools that all financial institutions must now use to begin detecting and reporting suspicious activity associated with gun trafficking and mass shootings to the Financial Crimes Enforcement Network, the government agency charged with safeguarding the financial system from illicit use. 

Priscilla Sims Brown spoke with Andrew Ross Sorkin at the CNBC Evolve Global Summit on a variety of topics including women's reproductive rights, the American economy and ways financial institutions can help curb gun violence through a unique merchant category code.

In response to today’s Supreme Court Ruling on New York State Rifle and Pistol Association vs. Bruen, Amalgamated Bank has issued the following statement: