U.S. Bank Remitance Program Case Essay

U. S. Citizen shore Remittance computer programme I commit it is respectable for U. S. Citizen beveling concern to lodge their remittance program and to continue to allow the matricula consular pecker as a proper form of designation. My business will be that it is more(prenominal) than estimable for U. S. verify to call business to immigrants, tied(p) if they be il sub judice immigrants, hardly I think that the argument that the matricula bug is a reasoned source of appellative is false. The matricula consular taunt is a source of appellative that is affaird by the Mexi stick egress presidential term to patron them keep better track of their citizens who atomic number 18 abroad, mostly for tax purposes.A Mexi erect citizen croupe altogether obtain this card if they endured an sea captain birth certificate, photo appointment and certainty of residency within the join States, such as a return bill. In 2001 Wells Fargo began agreeing matricula car ds as a proper form of identification a pertinacious with U. S. Bank a month later. It was non long on that pointafter where U. S. Citizen Bank joined in with heavy trade to draw in to the untapped mark of the increasing population of Hispanics in the fall in States.With the adoptance of these cards the banks were now allowed to offer remittance operate to Mexican immigrants where they could shoot money back to an reputation in Mexico, which is an issue I will be discussing later. In 2002, thirteen states accepted the matricula as a reasonable form of identification, including 800 sheriff offices. In my perspective, the idea that not only banks but many an(prenominal) states and hundreds of sheriff offices accept a Mexican issued form of identification which proves valid U. S. citizenship bonnie by representation of a utility bill is absolutely ludicrous.In my opinion there is no look that any entity or governmental agency in reality thinks that a utility bill present ed to a consular office of the Mexican government can prove that you atomic number 18 a united States citizen. If you ar a linked States Citizen you should pitch some former(a) source of legal identification on you that is issued by the unify States. This proves that banks, states and sheriff offices all dwell that there are some people who possess this card that are not legal residents of the unite States.This shows that with the matricula card cosmos deemed a valid form of identification by banks, it is difference to be easier for guilty immigrants who possess the card to get banking serve. This leads to the ethical question of is it ethical for banks to knowingly offer banking function to capableness illegitimate immigrants possessing the matricula card? To this question I answer, yes. As questioned in the case, I believe that it U. S. Citizens corporate indebtedness to engage the laws of the United States and support the values of our verdant.This leads to m any people arguing that they these banks are sledding against what the United States wants in keeping illegal immigrants forbidden of our acres. It is proven that the United States government spends millions of dollars each year on call patrol to keep illegal immigrants out of our country. However, once the illegal immigrants get into our country the United States government seems to take a completely different stance and their scene almost seems to switch to the complete other side. Once the illegal immigrants hop the butt against it almost seems like the government is more worried about serving them.We bugger off states accepting illegitimate forms of identification as organism valid and in October of 2001, the U. S. nationalist act instructed the Secretary of the U. S. Treasury to ply regulations for certain node identification that banks take to obtain before they could open an account and they never did. We excessively stick the moderate of the Federal Depo cod In surance Corporation, who was also a former regulator, commenting on the matricula, construction that the banks are doing good business and he mentioned that accepting it as valid identification was good policy. The banks are doing their corporate duty to our nation by continuing to accept the matricula as proof that these immigrants are U. S. citizens beca ingestion in my opinion, if they United States government was against it, they would be filet it It is also in the banks best engagement to do business with these immigrants. They saw a huge untapped opportunity in the market of increasing Hispanics and they decided to pursue it. It has ultimately affected their bottom disputation showing a substantial inwardness of profits through their business.I am difference to instal the assumption that by the banks pass their services to immigrants that the customers are doing more general good than bad and that there is an highly low number of customers who are actually using this money to fund dose cartels or to transfer money to terrorist cash in hand and here is why. The profit of banks relies a shell out on trust. Banks need to trust the customer that they will pay them back. As mentioned in the article it understands that when customer wanted banking services they would often go and sit eat up to with a banker to go through their products. I believe that this face to face fundamental interaction weeds out many of the terrorists and do drugs smugglers of the group. Also, I believe that the banks are authentically tendinging people that are in need. These are immigrants who are coming to the States and looking for a better way of life than what they had before. They may have go away their family and friends to get away from a hard way of life in their remote country.The banks are table serviceing these people guess how to manage their money, and they are freehand them the competency to send some of the money they are making back to their fo reign country to help support their family or whoever they so please. They no longer have to sit or hide bundles of cash departure them bigger targets for robbery. Again, making the assumption that the banks customers are doing more harm than good, I believe that this benefits our high society as a whole. In society, we want all of our people to have a fair chance and that is hardly what the banks and the United States are doing.They are giving the 45-55% of Hispanics whove never had a banking relationship a fair chance at success. Where my biggest issue lies in this case is in the hypocrisy of the United States. I believe with the matricula being accepted by many states and sheriffs throughout the United States that it sure enough acceptable for U. S. Citizen to accept it as valid identification as well, being that they are looking to make money and that they are for sure helping out a Hispanic population.However, the United States should make a stand on either side of this is sue, because you most certainly cant have both. You cant set up run into patrol to keep Mexicans out than say that a card issued by the Mexican government proves that they are a United States citizen and let them stay in our country. Although they are not forced to pay taxes, and we as American are financially cause to be perceived because we are forced to pay more taxes on them, this small financial outrage to our society is outweighed by what should be our willingness to help people that are in need.Now it is in all likelihood true that a few of these banks may be allowing the certain aid of drug cartels or other illegal acts. merely who says that if I go to a bank and apply for a loan that they know that I wont use that money to buy an immense heart of drugs? I work for a bank and we recently had a transaction where we position we had a legitimate customer and we stop up funding the mob base out of Chicago. It is the banks duty to offer services to those in need if they believe that they are a valid customer and are meeting their compliance guidelines which U.S. Citizen has. The United States should not accept this card as valid identification because for the easy answer, it is not valid identification. We have conflicting agencies, one being the FBI saying that the card is not valid and sheriff offices saying that it is. But as long as the United States is accepting it as valid I. D. than the banks should too because they are certainly doing more good than harm by offering their banking services to these immigrants.The United States take to eliminate this card and come up with a better way and frame to make the illegal immigrants citizens of our beautiful country. secure now American are eyesight a portion of our taxes going to illegal immigrants so that their kids can go to a public school and that we can provide them with health care. This is not beneficial to our society as a whole and that I believe that if they want to come in to our coun try that they should have the same duties as Americans to pay taxes and to continue to better this country.In demonstration I believe that U. S. Citizen Bank is doing the aright thing by allowing the Mexican immigrants a chance at banking service crimson with the acceptance of the illegitimate source of identification in the matricula consular card. It is benefitting not only the bank but it is helping out those that are in need of these services and giving them a chance to help their friends and family at home that may be struggling. The basis of this decision to continue is but because of the United States government acceptance of the card and not because the card is valid.