Politics

Treasury warns banks of ‘red flags’ tied to customers in the U.S. illegally

U.S. Treasury Secretary Scott Bessent testifies before the Senate Finance Committee, in Washington, D.C.

WASHINGTON (AP) — Treasury’s financial crimes arm wants banks to help identify payroll schemes tied to people living in the country illegally, as part of the Trump administration’s latest measure to clamp down on immigration.

The Financial Crimes Enforcement Network —…

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