With respect to currency transaction reports (CTRs), we support the efforts of the Treasury Department and others to develop ways of reducing the burdens imposed on banks in a manner that would not adversely affect the ability of banks to manage their risk or unintentionally impede the investigative tools available to law enforcement.
The fear is that transfers are always made in the same direction and that the taxpayers of the countries offering support do not agree with this. However, a common budget may enable public goods, such as security and defence, to be financed more efficiently.