trey on Nostr: ICYMI—more insanity from the Trump admin around civil liberties “… More than ...
ICYMI—more insanity from the Trump admin around civil liberties
“…
More than one million Americans are about to face a new level of financial surveillance. The Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced that the threshold for currency transaction reports has been lowered from $10,000 to $200 for Americans living in 30 zip codes in California and Texas. Financial surveillance in the United States has long needed reform, but this move is in the wrong direction.
FinCEN officially announced the temporary policy change as an effort “to further combat the illicit activities and money laundering of Mexico-based cartels and other criminal actors along the southwest border of the United States.” Treasury Secretary Scott Bessent said, “As part of a whole-of-government approach to combatting the threat, [the] Treasury remains focused on leveraging all our available tools and authorities to better identify and counter these criminal activities.”
…”
https://www.cato.org/blog/trump-treasury-expands-financial-surveillance
“…
More than one million Americans are about to face a new level of financial surveillance. The Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced that the threshold for currency transaction reports has been lowered from $10,000 to $200 for Americans living in 30 zip codes in California and Texas. Financial surveillance in the United States has long needed reform, but this move is in the wrong direction.
FinCEN officially announced the temporary policy change as an effort “to further combat the illicit activities and money laundering of Mexico-based cartels and other criminal actors along the southwest border of the United States.” Treasury Secretary Scott Bessent said, “As part of a whole-of-government approach to combatting the threat, [the] Treasury remains focused on leveraging all our available tools and authorities to better identify and counter these criminal activities.”
…”
https://www.cato.org/blog/trump-treasury-expands-financial-surveillance