Increased Financial Surveillance and Its Implications

The Trump administration's decision to tighten financial surveillance on small dollar remittances is viewed as an infringement on financial privacy for everyday Americans. This move lowers the reporting threshold from $10,000 to $200 for money service businesses, meaning that individuals conducting normal transactions like sending money to family could find themselves under government scrutiny. This increased tracking raises concerns regarding the effectiveness of such measures, as they tend to capture the financial activities of innocent people rather than focusing on actual criminal activities. Critics argue that instead of enhancing security, this surveillance perpetuates a culture of unwarranted monitoring and control over citizens' financial lives.