Treasury issued new guidance that
1) updates the report system banks use against fraud and crimes, so they can share surveillance & cyber data
2) broadens their reasons to report, so the PATRIOT Act can be leveraged against cartels, illegal alien activity for eventual debanking
This is in accordance with President Trump's May EO to bring integrity to America's financial systems, and prior advisory by Bessent for banks to prepare themselves for stricter enforcement.
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