Bank Exec Questions Proposed U.S. Prepaid Declaration Policy

By  |  October 30, 2012
 | 

The enforceability of a proposed law that would require travelers to declare the balance on their prepaid cards upon entering the U.S. has come under fire by bank executives.

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    The Treasury’s Financial Crimes Enforcement Network (FinCen) proposed the prepaid declaration policy last October, reports Finextra.

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