Christina Aquayo News
#NEWS Trump is removing illegal migrants from the financial system completely - no more tax benefits or cross-border money transfers.#DC
The Trump administration is taking action to exclude illegal migrants from the U.S. financial system.
The sweeping reforms target federal tax benefits and cross-border money transfers, making sure that these resources benefit only legal residents and citizens.
#ChristinaAguayoNews
Bessent saying,
"if you're here illegally, there's no place for you in our financial system."
He emphasized that illegal migrants exploiting financial institutions to launder or move illegal funds is unacceptable and coming ot an end.
The Treasury Department's Financial Crimes Enforcement Network (FinCEN) issued an alert to banks and money services businesses, mandating heightened scrutiny of transactions linked to unauthorized people, AKA illegal migrants.
This includes flagging any cross-border transfers of $2,000 or more.
The goal is to dis