Scott Bessent: Overseas Money Transfers Are Fine, But Only With Proof of Origin
Scott Bessent clarifies that overseas money transfers remain open provided the origin of funds is proven. Learn about the new regulatory expectations for 2026.
Your cross-border payments just got a new rulebook. Scott Bessent clarified that overseas money transfers are acceptable, provided that the sender can rigorously prove the origin of funds. According to Reuters, this move signals a pivot toward high-transparency financial flows rather than outright restriction.
The New Standard for Scott Bessent Overseas Money Transfers
The announcement underscores a tightening grip on Anti-Money Laundering (AML) protocols. Bessent isn't looking to stop the movement of capital, but he's making it clear that the era of 'no questions asked' is over. For those moving substantial sums, the burden of proof now rests squarely on the shoulders of the remitter.
What This Means for Global Finance in 2026
As we enter 2026, businesses must audit their internal documentation processes. The focus is no longer just on where the money is going, but exactly where it came from.
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