Bank Exec Questions Proposed U.S. Prepaid Declaration Policy

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.

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

Read the full story here.

Click to comment

TRENDING RIGHT NOW