A new tax on money sent from the U.S. to other countries by non-citizens will only serve to drive immigrants toward less secure, informal money transfer services, write FACT’s Julia Yansura and Zorka Milin.
A medida que el precio del oro supera los $3,000 dólares por onza troy—un hito histórico impulsado por la inestabilidad geopolítica, el temor a la inflación y el debilitamiento del dólar estadounidense—los efectos se sienten en todo el mundo y subrayan el papel que juegan las finanzas ilícitas y la extracción ilegal de recursos en la intensificación de los conflictos.
As gold prices surge past $3,000 per troy ounce—a historic milestone driven by geopolitical turmoil, inflation fears, and a weakening U.S. dollar— the effects are being felt around the world and underscore the role that illicit finance and illegally extracted resources play in fueling conflicts.
Whether effective or not, tariffs are meant to react to a very real problem: the decades-long collapse of what was once a dynamic U.S. manufacturing base. Our current tax policy has only made that problem worse.
Prioritizing small scale, politicized anti-money laundering policies over meaningful structural reforms will do little to protect Americans from the impacts of illegal drug trafficking, writes FACT program director for environmental crime and illicit finance Julia Yansura.
In his debut blog, FACT policy fellow Omer Niazi argues for the necessity of comprehensive anti-money laundering safeguards for cryptocurrency markets, with associated risks only growing as anonymous transactions on decentralized finance platforms become more commonplace.
