Experts warn $250 bill could aid drug cartels, money launderers
A plan to introduce the largest U.S. currency denomination in more than 50 years could unintentionally aid criminal actors, experts and Treasury Department records warn.
A proposal to create a $250 bill — the largest U.S. denomination in over 50 years — could unintentionally benefit drug cartels, money launderers and tax cheats, according to experts and Treasury Department records. Authorities warn such a high-denomination note could make it easier to move and conceal large sums of cash, facilitating criminal activity.