QA ONLY: Following the Money & Combat Fraud 04-01-25 - Financial Services

00:10:25 FINANCIAL INSTITUTIONS NEED MORE RESOURCES TO TAKE ACTION
00:23:17 Fraudsters Using Cryptocurrencies to Evade AML Controls
00:36:33 Is that a broad yes?
00:48:53 How to Report False Information to the Federal Government
00:59:58 I'm introducing the Bipartisan Guard Act to give state and local law enforcement

In 2024 American consumers lost more than 12 point $5,000,000 billion to fraud. Congress should update outdated laws, says CNN's John Sutter. BSA president: We need a more strategic approach that includes government, banking industry and other industries.

Summary generated by AI

This is just the direct questions and answers portion of the hearing, not commentary.
Full video at https://www.youtube.com/watch?v=DL5fOmeVF3M.
Let me know if the full video link is down and I'll upload the full version.