The US tried to stop cartel money-laundering. It devastated mom-and-pop businesses instead

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Guardian Business

The US tried to stop cartel money-laundering. It devastated mom-and-pop businesses instead

Small businesses pay hidden toll after money-transfer rule change to curb illicit activities near the US-Mexico border Last April, the Trump administration rolled out its latest tool in the fight against Mexican cartels: an aggressive crackdown on money transfers near the US-Mexico border. The administration said that, in an effort to stop money laundering and other illicit activity, it would now require any business…