During an interview, Treasury Secretary Janet Yellen denied knowledge of a report linking conservative groups to hate groups that was allegedly flagged by the Treasury Department.
Key Points
Treasury Secretary Janet Yellen denies awareness of a report linking conservative groups to hate groups.
Yellen explains that FinCEN works with banks to help them detect illicit payments but does not require scanning for specific words.
The House Judiciary Committee reportedly released a report suggesting Treasury flagged a third-party report linking conservative groups to hate groups.
Pros
Provides insight into the Treasury Department's role in working with financial institutions to detect illicit payments.
Cons
Denial of knowledge of a potentially significant report raises questions about transparency and accountability.