US Politics
The CBP One app has emerged as a topic of debate, particularly highlighted by J.D. Vance during a discussion with Tim Walz. Originally launched in October 2020 as a portal for Customs and Border Protection, the app was repurposed in January 2023 by the Biden-Harris administration to expedite asylum processes for migrants. This has led to over 170,000 migrants, primarily from Haiti, Mexico, and Venezuela, using the app between June 2023 and June 2024. The app’s operation has drawn criticism from figures like Senator Josh Hawley, who questioned the financial transparency and priorities of the Department of Homeland Security under Secretary Alejandro Mayorkas. Despite the app’s significant usage, the costs associated with its development and operation remain undisclosed, contributing to ongoing discussions over immigration policies and resource allocation.
Preparedness
Jeffrey Tucker has expressed concerns over the rapid transition from analog to digital systems. His skepticism reportedly stems from the vulnerabilities of centralized digital infrastructures, which can fail unexpectedly, as seen during events like Hurricane Helene. Tucker argues that society’s increasing reliance on digital systems, exacerbated by the COVID-19 pandemic’s push for “touchless” technology, may overlook the resilience of traditional methods. He emphasizes the importance of preparedness, advocating for the retention of cash, silver, and strong human networks to withstand potential crises, whether from natural disasters or economic challenges like inflation.
Economy
TD Bank N.A. and its parent company have pleaded guilty to violations of the Bank Secrecy Act and money laundering conspiracy, agreeing to pay over $1.8 billion in penalties. This resolution follows a coordinated investigation by multiple federal agencies, revealing that TD Bank’s inadequate anti-money laundering (AML) program allowed criminals, including international drug traffickers, to exploit its services. From 2014 to 2023, the bank’s deficient AML policies resulted in unmonitored transactions amounting to approximately $18.3 trillion. As part of the plea agreement, TD Bank will enhance its AML program and retain an independent compliance monitor for three years. The case highlights the critical importance of compliance in the banking industry, serving as a cautionary example for other financial institutions.
Sources
CBP One App: Streamlining Asylum or Facilitating Illegal Immigration?
“Under your leadership, the Department is marketing a new phone app, called CBP One, that allows unauthorized migrants to reserve a time to cross the border, like making a restaurant reservation. How convenient,” wrote Senator Hawley.
Source | Submitted by rhollenb
The Digital Dilemma: When Modern Convenience Meets Old-School Resilience
In the end, survival depended on analogue things and analogue skills.
Source | Submitted by AaronMcKeon
TD Bank Fined $1.8 Billion for Money Laundering and Bank Secrecy Act Violations
TD Bank chose profits over compliance with the law — a decision that is now costing the bank billions of dollars in penalties.
Source | Submitted by Barbara
