[bert]

Practically, it can’t be done.

sitting here I can access Pay pal and any of several Chinese payment sites that can easily transfer money all over the globe with ease and no tracks that amount to much.

For instance, Ican open an account with Barkleys and my cousin in mexico can open an account with Barkleys and I can easily transfer money in small or large amounts. We charge on both ends for the transaction. If necessary, we can open a third account in say Panama and have a cut out.

Any body with a Smart phone can do it

[ASOC]

“Practically, it can’t be done.

sitting here I can access Pay pal and any of several Chinese payment sites that can easily transfer money all over the globe with ease and no tracks that amount to much.

For instance, Ican open an account with Barkleys and my cousin in mexico can open an account with Barkleys and I can easily transfer money in small or large amounts. We charge on both ends for the transaction. If necessary, we can open a third account in say Panama and have a cut out.

Any body with a Smart phone can do it”

You forgot to add “For now”.

[Battle Hymn of the Republic]

There are several ways to look at the behavior technically, but the question is would it be mandated via a compliance requirement.

each US institution would have to monitor.

[Buckeye McFrog]

Try and use your PayPal account to transfer some money to Iran and I’m sure you’ll encounter a few problems.

[Baseballguy]

I work for the largest bank. I think you missed a important note. Each bank must track fraud. They know where every penny goes. You can not open an account with out the correct address, where withdraws come out and such.
If the banks must charge a federal fee it will occur and it will be tracked. Nice try.
The global banking is very strict in its rules and regulations and they might actually get strong in Trump's Presidency.