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| He wants to ban remittances |
If you did not see presidential candidate Donald Trump's immigration plan this week, you may have missed the part where he has promised that, if elected, he will use the USA PATRIOT Act to require all banks and money transmitters to confirm that senders of wire transfers and remittances are legally in the United States. Apparently, this is his scheme to make Mexico pay for the the construction of a wall, between America and Mexico, to cut off illegal immigration.
No only would such a program be impossible for financial institutions, and money service businesses, to effectively operate, it probably violates a boatload (no pun intended) of existing US laws.
Contributed by Kenneth Rijock
Chronicles of Monte Friesner
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