In a separate social media post, Bessent warned that illegal migrants “use our financial institutions to move their illicitly obtained funds.”
Describing that practice as “exploitation,” the Treasury secretary vowed: “It will end.”
“[President Trump] is right — if you’re here illegally, there’s no place for you in our financial system,” Bessent wrote.The post came on the same day the Treasury’s Financial Crimes Enforcement Bureau issued an alert to money services businesses — such as check cashers, remittance processors and digital payment processors — asking them to be “vigilant in identifying suspicious financial activity involving illegal aliens who present significant threats to national security and public safety.”
The alert noted that money services businesses (MSBs) are generally required to file a suspicious activity report for a transaction that involves at least $2,000 and may violate federal law,
including a “cross-border transfer of funds derived from unlawful employment or otherwise derived from funds the MSB knows, suspects, or has reason to suspect were illicitly obtained in the United States.”https://revolver.news/2025/12/team-trump-cooks-up-a-new-bright-idea-to-stick-it-to-the-illegals/