Here's one of those "why weren't we already doing this" moments we see far too often.
From now on anyone who wires money out from one of these money service businesses has to check a box saying whether they are on public assistance. And if they are on public assistance we are going to start pushing that you cannot wire money out of the country ... we're going to follow it up [if they lie] and we're going to push that you can no longer do that.
The American people, our generosity has been taken advantage of.
We aren't spending welfare dollars in America to fund political campaigns in Somalia!
I found this from Bloomberg as well:
The US Treasury is preparing to announce a crackdown on money services businesses in Minnesota as part of an ongoing probe into fraud and alleged money laundering in the state, Treasury Secretary Scott Bessent said in an interview with Fox News on Thursday.
Bessent said the Treasury's Financial Crimes Enforcement Network, or FinCEN, would lead an investigation into at least four money services businesses, which facilitate wire transfers, as part of the push.
It seems from now on foreign money wiring will at least raise red flags from the treasury.
It needed to be done.
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