The U.S. government has approved the use of a new technology to track travelers’ bank accounts and make it harder for them to cash them in.
But the new technology could also allow fraudsters to bypass security and steal money from travelers.AARP, a nonprofit organization that represents thousands of small businesses and is based in Washington, said Thursday it is applying for a waiver from the U.N. Financial Action Task Force (FATF), the U,N.
body that monitors compliance with financial-related sanctions.
The task force has approved a new version of its financial-monitoring program to help detect fraud, according to a statement.
The new version is designed to track account balances, withdrawals and transactions of people who have not yet been identified by law enforcement, according a FATF official who declined to be named.
The new version includes the ability to automatically scan a traveler’s bank account and to scan the traveler’s electronic passport, the official said.
It does not include a new option to scan a passport’s electronic fingerprint, a FATf official said in a statement.”AARP has worked closely with the U to protect its members from fraud.
We are confident that the new version will work in all areas of our business, including for travelers,” the statement said.AAP: Travelers checks for spain AAP: US travelers in spain AP: US-spain: What’s the best way to travel?
AAP : US-Spain: Spare aarp travel AAP Traveler Checks to see if you’ve been charged aarpp.com/aarps. AAP