Justice Department to end “Operation Choke Point”

Posted August, 21 2017

The Justice Department has stated it will discontinue the controversial "Operation Choke Point" program, which discouraged financial institutions from serving a range of businesses thought to be at higher risk for fraud and money laundering. While some, like Karl Frisch, executive director of Allied Progress, saw the program as “incredibly effective at cracking down on the flow of money to fraudulent merchants that violate the law and target vulnerable consumers”, Republicans in Congress have been arguing that the program was hurting legitimate businesses. In a letter to House Judiciary Chairman Bob Goodlatte, Assistant Attorney General Stephen Boyd stated “All of the Department’s bank investigations conducted as part of Operation Chokepoint are now over, the initiative is no longer in effect, and it will not be undertaken again.”
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