Starting tomorrow, if you’re on public assistance, you can’t wire money out of the country.

[Rogue AI]

But, it does not connect to a 3rd person, some welfare schlep, actually sending small amounts of money out of the country. But, if it costs the economy more in every small amount some individual welfare recipient sends out of the country by someone not a welfare recipient, it is a net economic loss to the country, and simply a paid for act of vengeance. I did well in Business and Economics courses. Generally speaking, vengeance is not a good business model, or effective economic policy, no matter how personally satisfying.

You don't think the companies or banks don't monitor this stuff? They report unusual activity. If someone who never transferred money out of the country suddenly starts transferring many small amounts out, that will raise a red flag. These places monitor unusual activity to protect themselves and their customers more so than aiding the government, but they will pass unusual activity even if it falls below required reporting amounts.

 

[Concerned American]

So basically, first they force you to use their banks, then the banks essentially spy on you now reporting everything you do like you are a criminal. Then they justify it as a necessary evil to catch the bag guys.

But then, as we are finding out now, they don't even do that much. We are overrun with bad guys. One state has stolen 9 billion dollars and they couldn't even catch that.

But they sure know what you did with your $600 to buy a new lawn mower.

Best to keep a large stash of cash out of sight out of mind--for emergencies.

 

[EvilCat Breath]

Lots of people get public assistance even when working. Didn’t you know that?

If they are working and can afford to send money out of the country, they should not be getting public assistance. They have more money than they need to live on.

 

[Concerned American]

From Google AI...

Knowing Who is on Welfare

Government agencies are aware of individuals receiving public assistance through the application and verification process.



Agencies like the Social Security Administration and the Department of Health and Human Services use databases to track federal fund distribution and ensure recipients meet eligibility criteria.



Eligibility workers enforce strict rules based on documentation but do not typically monitor recipients' spending or travel as long as eligibility requirements are met.



The new measures will utilize existing financial tracking and potentially new regulations to target funds linked to unlawful status or fraud, rather than broadly monitoring all welfare recipients' international transfers.

So you think Western Union asks every person that wires money if they are on public assistance? Do they ask them if their neighbors that gave them the money to wire are on public assistance? I fail to see how this is going to be enforced. LOL, the gov't doesn't even verify child care centers that receive gov't funds are legit. It will be interesting to see how this pans out.

 

[Godboy]

So you think Western Union asks every person that wires money if they are on public assistance?

They do now, and they will be looking closely at any Somali who sends money without checking that box. They are also now flagging any transfer over $3,000.

 

[Concerned American]

Lots of people have jobs and are on food stamps.

A two person household cannot earn more than $2400/mo and legally collect SNAP. That wage is earned by two people working 40 hours a week at the fed. minimum of $7.50/hr. LOL, all of those people that are earning $15/hr and up on the west coast minimum wage no longer qualify for SNAP. LOL, careful what you wish for.

 

[Concerned American]

Maybe put some money on reloadable cards or have it only accessible with passwords with homeland algorithms attached to them.

Great idea--I could see where that might work.

 

[JGalt]

Sounds good but how are they going to determine who is on public assistance and how will this stop money from being mailed out? Don't get me wrong, I'm all for it, but I don't understand how they will accomplish it.

From Bessent:

"From now on anyone who wires money out from one of these money service businesses has to check a box saying whether they are on public assistance. And if they are on public assistance we are going to start pushing that you cannot wire money out of the country ... we're going to follow it up [if they lie] and we're going to push that you can no longer do that."

 

[Concerned American]

They are also now flagging any transfer over $3,000.

The point I am making is that if I, not being on public assistance, live next door to a Somali or Mexican national and they ask me to wire money that they hand me in cash to their relative in wherever, WU isn't going to have a leg to stand on and I don't think I have to tell them where I got the money unless I'm sending $10K or more.

 

[Godboy]

The point I am making is that if I, not being on public assistance, live next door to a Somali or Mexican national and they ask me to wire money that they hand me in cash to their relative in wherever, WU isn't going to have a leg to stand on and I don't think I have to tell them where I got the money unless I'm sending $10K or more.

You cant mass create that scenario though. Youre talking about unusual one time events, or at least they wont be happening every day. Neighbors arent going to funnel hundreds of thousands for the Somali family next door. Yes there will be some who slip through the cracks, but you wont see billions go to Somalia anymore.

 

[Concerned American]

From Bessent:

"From now on anyone who wires money out from one of these money service businesses has to check a box saying whether they are on public assistance. And if they are on public assistance we are going to start pushing that you cannot wire money out of the country ... we're going to follow it up [if they lie] and we're going to push that you can no longer do that."

IDK, I think this may be a boondoggle and even what Bessent said about following up doesn't do anything about a neighbor, not on assistance, sending the money. BothWings suggested reloadable cards in the recipient's name that can only be used for specified purchases. That seems like a more controllable process. Cash for welfare recipients shouldn't be a thing. They already get subsidized housing, free medical care and SNAP.

 

[Concerned American]

Youre talking about unusual one time events

Not so. This fraud goes on daily. SNAP benefits get bought for pennies on the dollar and this is wide spread. If these folks are using child care facilities to defraud, they won't hesitate to make it worth some lowlife's time to fraudulently wire money.

 

[JGalt]

The point I am making is that if I, not being on public assistance, live next door to a Somali or Mexican national and they ask me to wire money that they hand me in cash to their relative in wherever, WU isn't going to have a leg to stand on and I don't think I have to tell them where I got the money unless I'm sending $10K or more.

Same thing if they hand you money and ask you to go buy them a gun.

 

[Marener]

From Bessent:

"From now on anyone who wires money out from one of these money service businesses has to check a box saying whether they are on public assistance. And if they are on public assistance we are going to start pushing that you cannot wire money out of the country ... we're going to follow it up [if they lie] and we're going to push that you can no longer do that."

I didn't listen to the actual quote, but he says "we are going to start pushing that you cannot wire money out of the country". Doesn't that make it sound like they're going to try to make that change and haven't already?

This dude is kind of mealy mouth.

 

[Concerned American]

Same thing if they hand you money and ask you to go buy them a gun.

True, but there are laws covering straw purchases and it is hard to deny possession of a gun. There is no chain of possession on a wire transfer and the gov't would have to track every international transfer--a massive and expensive endeavor.

 

[JGalt]

True, but there are laws covering straw purchases and it is hard to deny possession of a gun. There is no chain of possession on a wire transfer and the gov't would have to track every international transfer--a massive and expensive endeavor.

Wire transfers leave a monumental paper trail that virtually lasts forever. It's an easy task to cross reference those transfers to names and dates using modern technology. Then there's the fact that a person generally cannot send an international wire transfer without identification; financial institutions require government-issued ID (like a passport or driver's license) and other personal info (like SSN, address) for Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) compliance, especially for international transfers, making it nearly impossible to do so without verifying your identity.

And yes, Mexican money transfer businesses similar to Western Union or MoneyGram, and Mexican financial institutions absolutely require ID for sending or receiving money due to strict anti-money laundering (AML) and "Know Your Customer" (KYC) regulations, needing valid photo ID (like a passport, driver's license, or Consular ID) for all transactions, especially larger sums, to verify identity and prevent fraud.

Thank God for AI. Looking all that shit up would have taken me at least an hour.

 

[Concerned American]

Wire transfers leave a monumental paper trail that virtually lasts forever. It's an easy task to cross reference those transfers to names and dates using modern technology. Then there's the fact that a person generally cannot send an international wire transfer without identification; financial institutions require government-issued ID (like a passport or driver's license) and other personal info (like SSN, address) for Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) compliance, especially for international transfers, making it nearly impossible to do so without verifying your identity.

And yes, Mexican money transfer businesses similar to Western Union or MoneyGram, and Mexican financial institutions absolutely require ID for sending or receiving money due to strict anti-money laundering (AML) and "Know Your Customer" (KYC) regulations, needing valid photo ID (like a passport, driver's license, or Consular ID) for all transactions, especially larger sums, to verify identity and prevent fraud.

Thank God for AI. Looking all that shit up would have taken me at least an hour.

LOL, thanks for the info.

 

[drudge X]

What do Republicans do to help poor people?

What do Democrats do to help people in general aside from subsidizing the rich and pampering unions?

 

[Godboy]

Not so. This fraud goes on daily. SNAP benefits get bought for pennies on the dollar and this is wide spread. If these folks are using child care facilities to defraud, they won't hesitate to make it worth some lowlife's time to fraudulently wire money.

But that lowlife can only send 3k. You cant funnel millions if you can only do $3,000 at a time. Furthermore, anyone whos name comes up a bunch times to send money is going to be investigated. You cant keep using the same lowlife, which means you have to constantly find new people to do it.

Sending money will suddenly become a tedious job.

 

[struth]

Interesting, and I certainly would not disagree with it. But, how do you enforce it? How do you catch them doing it, when you could actually just pay somebody else, not on assistance to send it for you.

Freeze the money. Out of the country wire transfers are already heartily regulated and monitored