{"id":2429240,"date":"2025-04-30T13:07:02","date_gmt":"2025-04-30T17:07:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/house-republican-aims-to-cut-cartels-cash-flow-with-new-bill\/"},"modified":"2025-04-30T13:09:00","modified_gmt":"2025-04-30T17:09:00","slug":"house-republican-aims-to-cut-cartels-cash-flow-with-new-bill","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/house-republican-aims-to-cut-cartels-cash-flow-with-new-bill\/","title":{"rendered":"House Republican aims to cut cartels&#8217; cash flow with new bill"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fhouse-republican-aims-to-cut-cartels-cash-flow-with-new-bill%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2429240&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>A House Republican, Rep. Pat Harrigan from North carolina, has proposed the Financial Integrity for National Security (FINS) Act aimed at combating Mexican cartels and foreign terrorist organizations that exploit wire transfer services to move money illegally. The legislation is designed to close a loophole that allows these groups to conduct transactions with minimal oversight, thus facilitating human trafficking, drug smuggling, and other crimes. If passed, the bill would <a href=\"https:\/\/amzn.to\/3YuVZYV\">classify wire transfer service providers<\/a>, like Western Union, as financial institutions under the Bank Secrecy Act, subjecting them to increased regulation and oversight. this move is part of a broader effort to curb the financial activities of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/blackburn-cartels-traffickers-exploiting-unfinished-border-wall-construction\/\" title=\"Blackburn: ..., Traffickers Exploiting Unfinished Border Wall Construction\">transnational criminal organizations<\/a> and ensure that they are held accountable under <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/crypto-exchange-bittrex-fined-53-million-by-u-s-treasury-dept\/\" title=\"Crypto exchange Bittrex fined  million by U.S. Treasury Dept\">anti-money laundering laws<\/a>. The act includes provisions that require the treasury secretary to implement rules for oversight within 180 days of its enactment.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">House Republican aims to cut cartels&rsquo; cash flow by targeting wire transfer services<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2046431\" class=\"tpd-featured-video bridtv\"><\/div>\n<p><strong>EXCLUSIVE &mdash;<\/strong>&nbsp;A House Republican has introduced legislation to clamp down on Mexican <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/cartels\" target=\"_blank\" rel=\"noopener\" title=\"\">cartels<\/a> and foreign <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/terrorism\" target=\"_blank\" rel=\"noopener\" title=\"\">terrorist<\/a> organizations that use commercial wire transfer services to send money within or outside of the United States, a move that is meant to stop international <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/crime\" target=\"_blank\" rel=\"noopener\" title=\"\">crime<\/a> rings from shifting profits back home.<\/p>\n<p>Rep. Pat Harrigan (R-NC) on Wednesday debuted the Financial Integrity for National Security, or FINS, Act, which would allow the federal government to surveil and shut down the financial avenues that transnational criminal organizations use to move money across borders, including crime rings involved in the smuggling of people, firearms, and drugs.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/crime\/3396145\/pam-bondi-100-days-celebrates-arrests-make-america-safe-again\/\">Pam Bondi celebrates arrests that &#8216;make America safe again&#8217;<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/crime\/3393724\/eric-adams-investigation-orthodox-jews-clash-palestinian-activists-synagogue\/\">Adams launches investigation after Orthodox Jews clash with Palestinian activists at NYC synagogue<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/crime\/3393006\/second-suspect-arrested-dc-robbery-of-noem\/\">Second suspect arrested in DC robbery of Kristi Noem<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>&ldquo;For years, cartels and terrorist groups have exploited a loophole that Washington ignored. Wire transfer companies moved billions with little scrutiny, fueling human trafficking, drugs, and violence,&rdquo; Harrigan said in a statement to the <em>Washington Examiner.<\/em> &ldquo;The FINS Act brings these companies into the real financial system, where they belong, and makes it a lot harder for criminals to treat our laws like a suggestion.&rdquo;<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Pat Harrigan, North Carolina Republican congressional candidate for the 10th district, speaks in Mint Hill, North Carolina, Wednesday, Sept. 25, 2024. (AP Photo\/Nell Redmond)<\/figcaption><\/figure>\n<p>Wire transfer service providers are businesses that electronically transfer money on behalf of customers or businesses, both domestically and internationally.<\/p>\n<p>Commercial wire transfer services, Western Union, Ria, and XE, are largely unregulated because they are not formally classified as financial institutions like banks, which face stricter oversight and regulation.<\/p>\n<p>The bill would add &ldquo;wire transfer service providers&rdquo; as financial institutions under the existing Bank Secrecy Act, which means they would be under the government&rsquo;s oversight. The wire service providers would also be fair game under anti-money laundering laws.<\/p>\n<p>If passed, the treasury secretary would be required to issue rules implementing the oversight framework within 180 days of the bill&rsquo;s enactment. The regulations would go into effect one year after enactment.<\/p>\n<p>In February, Secretary of State Marco Rubio<a href=\"https:\/\/www.washingtonexaminer.com\/policy\/foreign-policy\/3324941\/rubio-names-eight-latin-gangs-terrorist-organizations\/\" target=\"_blank\" rel=\"noopener\" title=\"\"> declared<\/a> eight primarily Latin-based cartels as terrorist organizations, following through on President Donald Trump&rsquo;s promise to change the classification because of how the crime rings engaged in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-ice-nominee-ed-gonzalez-withdraws-from-consideration-amid-process-delays\/\" title=\"Biden\u2019s ICE Nominee Ed Gonzalez Withdraws From Consideration Amid Process Delays\">cross-border crime<\/a>.<\/p>\n<p>Among those designated as foreign terrorist organizations were Tren de Aragua, Mara Salvatrucha (MS-13),&nbsp;C&aacute;rtel de Sinaloa, C&aacute;rtel de Jalisco Nueva Generaci&oacute;n, C&aacute;rtel del Noreste (formerly Los Zetas), La Nueva Familia Michoacana, C&aacute;rtel de Golfo (Gulf cartel), and C&aacute;rteles Unidos as FTOs and SDGTs.<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/immigration\/3390393\/100-days-trump-border-setbacks-deporting-immigrants\/\" target=\"_blank\" rel=\"noopener\" title=\"\">100-DAY REPORT CARD: TRUMP TACKLES BORDER, BUT HITS SETBACKS ON DEPORTING IMMIGRANTS<\/a><\/strong><\/p>\n<p>The <em>Washington Examiner<\/em> previously <a href=\"https:\/\/www.washingtonexaminer.com\/news\/294529\/chinese-money-launderers-team-up-with-mexican-cartels-to-profit-billions-from-us-fentanyl-crisis\/\" target=\"_blank\" rel=\"noopener\" title=\"\">reported<\/a> that Mexican cartels that smuggle fentanyl into the U.S. used money launderers in China to send their profits back to Mexico.<\/p>\n<p>Amid the border crisis under former President Joe Biden in 2023, House Homeland Security Committee Chairman Mark Green (R-TN) <a href=\"https:\/\/homeland.house.gov\/2023\/07\/19\/chairman-green-every-dollar-the-cartels-rake-in-comes-at-the-cost-of-an-american-life-or-livelihood\/\" target=\"_blank\" rel=\"noopener\" title=\"\">testified<\/a> in a hearing that Mexican cartels profited $13 billion from smuggling and trafficking people into the U.S. every year.<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_2046431\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"2046431\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>House Republican seeks to disrupt cartels&#8217; funding via wire transfers<\/p>\n","protected":false},"author":2655,"featured_media":2429241,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/04\/western-union-bank-remittances.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[13819,54357,32920,4762,54358],"class_list":["post-2429240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-cartels","tag-cash-flow-2","tag-house-republicans","tag-legislation","tag-new-bill"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/04\/western-union-bank-remittances.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2429240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2655"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2429240"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2429240\/revisions"}],"predecessor-version":[{"id":2429244,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2429240\/revisions\/2429244"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2429241"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2429240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2429240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2429240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}