The US tried to stop cartel money-laundering; devastated mom-and-pop businesses

Small businesses pay hidden toll after money-transfer rule change to curb illicit activities near the US-Mexico border
58 points by hedora 71 days ago www.theguardian.com 43 comments

Summary

New money-transfer regulations aimed at combating cartel money laundering have unintentionally harmed small businesses along the US-Mexico border. The changes have led to increased costs and challenges for local entrepreneurs, highlighting the collateral damage of efforts to tackle organized crime.

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