Money laundering rule on prepaid cards stalled after industry pushback

NEW YORK/ST. LOUIS, AUGUST 10 (Reuters) - In 2011, amid a crackdown on international money laundering, the U.S. Treasury Department tried to close a loophole that authorities said allows drug cartels to move bulk cash across borders on gift and other prepaid cards.

Money laundering rule on prepaid cards stalled after industry pushback
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