FinCEN Targets Undocumented Immigrants' Financial Lifelines

The Administration unveils a new plan to disrupt the financial networks of undocumented immigrants, targeting financial institutions and money transfer services. FinCEN, a powerful Treasury Department agency, will enforce this initiative, considering money transfers from unlawful employment as illicit activities. This could potentially lead to serious charges against executives and significantly impact the trucking industry by reducing excess capacity and potentially increasing rates.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.