Congressman Pat Harrigan has taken to social media to address concerns about financial oversight related to wire transfers by criminal organizations. He has introduced the Foreign Illicit Narcotrafficking and Security (FINS) Act as a legislative measure to curb these activities.
In a tweet dated April 30, 2025, Congressman Harrigan highlighted that “cartels are moving billions through wire transfers with zero oversight.” He pointed out the lack of identification checks and reports, which results in no accountability. The Congressman emphasized the introduction of the FINS Act, aiming to prevent money services from being exploited as a safe haven for criminal activities.
Another tweet on the same date reiterates his stance, stating that “cartels are moving BILLIONS through wire transfers with little to no oversight.” Congressman Harrigan accused these organizations of using legal loopholes to circulate drug money, which in turn funds serious crimes such as fentanyl distribution, human trafficking, and organized crime. The FINS Act is positioned as a necessary measure to mitigate these issues.
Congressman Harrigan also mentioned a specific case in a tweet where in Oakland, a money transfer shop called Rincon Musical was involved in wiring cartel cash to Mexico. He described how employees divided large sums of street drug profits and used WhatsApp to coordinate their laundering activities.
Amidst growing concerns over illegal financial activities, the FINS Act is intended to enhance the regulatory framework surrounding money services and provide tools to law enforcement to better handle these challenges.
