Federal judges have lauded the government’s goal of rooting out money laundering schemes but questioned the effectiveness of a tactic that’s wreaking havoc on small money services operations.
In 2024, Valuta submitted just over 120 reports in order to comply, but in the period between April 14 and May 14 since the threshold was lowered by 98 percent, Ms. Light processed almost 1,500.
Elon Musk’s mission for the Department of Government Efficiency — deep cuts in spending, personnel and projects — appears to be taking root, with DOGE staff now in key jobs across the federal government.
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