Wall Street Apes (@WallStreetApes) “Good News: New Executive Order from the Donald Trump Administration will make it” — TopicDigg

Good News: New Executive Order from the Donald Trump Administration will make it so undocumented immigrants are no longer able to use Zelle or Venmo anymore Undocumented immigrants rely very heavily on Zelle and Venmo for payments and cash deposits Here’s why Trump’s Executive Order will stop them from using these services His EO It directs the Treasury Department, federal bank regulators, and FinCEN to strengthen rules under the Bank Secrecy Act and Patriot Act regarding customer due diligence, especially for accounts that may involve individuals without legal work authorization One of those “Triggers for Enhanced Due Diligence” is Patterns of activity such as frequent peer-to-peer transfers from Zelle, Venmo and other payment apps Banks must investigate the source of funds, and then freeze the account if they find evidence it’s an undocumented Because they overwhelmingly reply on these apps they will be effected the most by this new change They should all be located and swiftly deported