Indeed.
You're right, it's not smuggling or illegal, but we need to really put the brakes on this. You know how you're not supposed to carry more than $10K across the border? We need to put weekly/monthly transfer limits on remittances. Banks are required to report large withdrawals. Money transfer services need to do essentially the same thing. Of course (((big banks))) and those countries I listed will lobby hard against this.
Indeed.
You're right, it's not smuggling or illegal, but we need to really put the brakes on this. You know how you're not supposed to carry more than $10K across the border? We need to put weekly/monthly transfer limits on remittances. Banks are required to report large withdrawals. Money transfer services need to do essentially the same thing. Of course (((big banks))) and those countries I listed will lobby hard against this.
Yearly limits too. You can only transfer X per year. If you hit your limit you are done.
Yearly limits too. You can only transfer X per year. If you hit your limit you are done.
But you can have a large once in a lifetime transfer if you go back home... permanently.
But you can have a large once in a lifetime transfer if you go back home... permanently.
(post is archived)