Why are the financial institutions that used to dominate our economy losing the war against the opioid crisis?

The Financial Institutions Reform, Recovery, and Enforcement Act, or the Fisa, was passed by Congress in 2015 to crack down on money laundering, and was the first law that would allow the FBI to target financial institutions.

It also required banks to report suspicious activity on their websites. 

But as the opioid epidemic has surged across the country, banks are struggling to comply with the new law, and are now facing fines and jail time for not following the new rules. 

 According to data from the Federal Reserve Bank of New York, the number of banks that have been fined for failing to report a suspicious activity spike increased from 4,000 in 2017 to 12,000 last year.

The most common reason for not reporting is that the bank doesn’t have enough information about suspicious activity to do a background check on its customers.

The report also notes that many banks have been hit with fines because they have failed to meet the new requirements. 

It’s unclear if the increase in fines will translate into additional enforcement actions or if the Fisas new guidelines will continue to be met with fines. 

While the FISA is not perfect, it has improved financial safety for consumers and has led to a drop in the number the number people who die from opioids.

It’s important to remember that the opioid problem is still an epidemic.

It is only going to get worse. 

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