Border Crackdown Backfires: Small Businesses Crushed by Cartel Cash Rule

Border Crackdown Backfires: Small Businesses Crushed by Cartel Cash Rule

A federal judge in Texas has temporarily blocked a federal rule requiring small-dollar cash transactions to be reported, after two El Paso businesses said it was crushing their operations and scaring off customers. Key Facts: On June 24, U.S. District Judge Leon Schydlower blocked enforcement of a Treasury Department rule against two El Paso money service businesses. The rule required reports on cash transactions between $200 and $10,000 in 30 …

Judge Blocks Treasury's Anti-Cartel Rule Targeting $200 Cash Transactions Along Border - Nemos News Network

Authored by Tom Ozimek via The Epoch Times (emphasis ours), A federal judge in Texas has temporarily blocked a new Trump administration policy targeting small-dollar cross-border transactions aimed at curbing cartel money laundering, siding with two businesses who argued it was crippling their operations and scaring off customers. An American and Texas flag fly in front of the skyline of El Paso and Ciudad Juarez in El Paso, Texas, on Sept. 23,…