FinCEN Targets Undocumented Immigrants' Financial Lifelines
Update: 2025-11-29
Description
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.
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