U.S. Treasury to Seize Remittances Sent Abroad by Illegal Migrants — Transfers Over $2,000 Will Be Flagged as Suspicious
The Treasury Department is planning to escalate its crackdown on illegal immigration by seizing their remittances. In a statement on Friday, the Financial Crimes Enforcement Network (FCEN) said that it would flag all transactions greater than $2,000 as suspicious. They wrote in a press release: Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is issuing an Alert as part of Treasury’s