United States | News & Politics

Potential executive order would enlist banks in the White House’s illegal-immigration crackdown

This post uses a gift link with a view count limit. If it runs out, an earlier version of the article is here. That version is missing some significant details such as:

In January, FinCEN issued an order requiring banks and money transmitters in two Minnesota counties to file information about overseas transactions greater than $3,000, far lower than the normal $10,000 threshold for flagging cash transactions. Banks already think the $10,000 limit should be raised and have struggled to comply with the Minnesota order, according to some people familiar with their efforts.

The Washington Post has an article as well now