A San Diego small business owner has filed a lawsuit against the Trump administration regarding a new financial reporting mandate aimed at combating money laundering. This order requires money services businesses to report all transactions over $200 in specific California and Texas ZIP codes, including some in San Diego. The owner, Esperanza Gomez Escobar, claims this violates the Fourth Amendment, imposes exorbitant costs on businesses, and risks customer privacy by demanding sensitive personal information. She argues that the effort essentially targets legitimate transactions while making it easy for criminals to evade scrutiny.
Esperanza Gomez Escobar, the owner of Novedades y Servicios Plus, argues that the new reporting requirement under the Trump administration compromises customer privacy and burdens businesses.
The new rule mandates money services businesses in select California and Texas ZIP codes to report transactions over $200, creating challenges for routine operations.
Collection
[
|
...
]