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0 pointsensignavenger2y ago0 comments

Banks don't really have much choice in the matter. They have been deputized to enforce federal laws, and given penalties if they don't. To add a cherry on top, the laws are vague and require the bank to investigate, judge, and execute account closures.

That being said, if you know when are are leaveing,.where you are going, and when you will be home, you can often put a vacation note on your account, and then the bank will know you are on vacation. That is what I did when I spent this summer in Japan, using.my bank debit card because it has no foreign transaction fees, the whole time.

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ClumsyPilot2y ago

they are vague they catch every tom, dick and garry but so strict that every cartel still has acees to the banking system

gruez2y ago

The point isn't necessarily to cut money laundering down to zero, it's to add significant cost and effort so it makes the cartels job harder. Every international border isn't airtight either and causes a bunch of hassle for travelers, but we don't throw up our hands and give up the idea of border control.

landemva2y ago

> we don't throw up our hands and give up the idea of border control.

We must reside in different countries. Being in USA, I observe we did drop enforcement on the southern border.

https://www.usatoday.com/story/news/politics/2021/06/23/kama...

"... administration has ended the Trump-era Migrant Protection Protocol, a policy that forced asylum-seekers to remain in Mexico as they await their court hearings, and has halted construction on a wall ..."

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