• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

      EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences…

      PRNigeria logo fearured image

      EFCC Arraigns Ex-Convict, Other for Naira Abuse in Lagos

  • Fact-Check
  • Economy
    • Comptroller General Nigerian Customs Bashir Adewale

      Customs Moves Against 223 Importers in N379bn Permit Breach

      Bashir Adewale Adeniyi Customs Boss

      How Customs is Tightening Borders to Stop Illicit Cash Flows –…

      Customs boss, CGC Bashir Adewale Adeniyi with NAFDAC DG Professor Moji Adeyeye

      Codeine, Tramadol Worth ₦20.5bn Seized as Customs-NAFDAC Cooperation Deepens

      Acting Controller General of Customs, Nigerian Customs Services, NSC, Ag. CG Bashir Adewale Adeniyi

      Adeniyi Inaugurates Lagos School Renovated by Nigeria Customs 

      Abdullahi Aliyu Maiwada

      Customs’ Maiwada Named Among Nigeria’s 50 Most Influential PR Voices

  • National
    • Super Falcons wins WAFCON Trophy

      VON Apologizes for Erroneous WAFCON Report, Cites Possible Security Breach, Identifies…

      The recovered AK-47 rifles

      Police Operatives Eliminate 3 Bandits, Recover 10 AK-47 Rifles

      NYSC Corps Members in Camp

      Tinubu to Honours 210 Ex-NYSC Members for Meritorious Services

      PRNigeria Young Communication Fellowship 2025 logo

      PRNigeria Opens Application for 2025 Young Communication Fellowship

      NDLEA officials

      NDLEA Arrests Chinese Businessman, 80-Year-Old Grandma in Nationwide Drug Raids 

    • Government
      • NYSC Corps Members in Camp

        Tinubu to Honours 210 Ex-NYSC Members for Meritorious Services

        court Judiciary

        Court Remands TikToker Arrested by DSS for claiming President Tinubu died

        Leon Usigbe

        Tinubu Mourns Veteran State House Correspondent, Leon Usigbe

        Dr. Ibrahim Bello, Emir of Gusau

        Tinubu, NUJ, Police, and Military Mourn the Death of Gusau Emir

        Dr. Ibrahim Bello Emir of Gusau

        His Death is a National Loss – Tinubu Mourns Emir of…

  • Security
    • The recovered AK-47 rifles

      Police Operatives Eliminate 3 Bandits, Recover 10 AK-47 Rifles

      NDLEA officials

      NDLEA Arrests Chinese Businessman, 80-Year-Old Grandma in Nationwide Drug Raids 

      Delegates of IEDPU praises CP Moshood Jimoh

      IEDPU Praises CP Moshood Jimoh of Lagos Police for Exemplary Leadership

      Troops Repel Boko Haram Attack in Gwoza, Recover Firearms

      Troops of Operation FANSAN YANMA

      Troops Kill Three Terrorist Leaders in Sokoto Ambush, Recover Weapons

  • Features
    • Leon Usigbe

      Death, you can’t be Proud of this By Abdulrahman Abdulraheem 

      Tinubu’s Plateau Gambit – Yilwatda, 2027, and the Return of the…

      Ozumi and a recipient of a wheelchair

      Wheels of Hope: How a Simple Gift is Reshaping Lives at…

      Late Ex-President Muhammadu Buhari and Mansur Liman

      “Buhari: A Blunt, Honest Leader Who Laughed at His Own Predicament”

      Intelligence Synergy: Reshaping Nigeria’s Security Architecture, By Mukhtar Ya’u Madobi

  • State
    • The recovered AK-47 rifles

      Police Operatives Eliminate 3 Bandits, Recover 10 AK-47 Rifles

      NDLEA officials

      NDLEA Arrests Chinese Businessman, 80-Year-Old Grandma in Nationwide Drug Raids 

      Delegates of IEDPU praises CP Moshood Jimoh

      IEDPU Praises CP Moshood Jimoh of Lagos Police for Exemplary Leadership

      Troops Repel Boko Haram Attack in Gwoza, Recover Firearms

      Nigerian Navy Personnel

      Navy Arrests 9 Impostors Operating as Fake Coast Guards in Akwa…

  • Event
    • Super Falcons wins WAFCON Trophy

      VON Apologizes for Erroneous WAFCON Report, Cites Possible Security Breach, Identifies…

      Cross section of participants and guests at the Kaduna State Chapter world PR day

      Kaduna NIPR Urges Students to Embrace Evolving PR Landscape

      Engr. Saleeman Adedoyin Saleeman

      Global IT Leader Saleeman Adedoyin Launches Free Summer School in Ilorin…

      Celestine Achi, AI in PR specialist

      BOOK REVIEW: AI is Reshaping PR—Celestine Achi Shows Us How

      Saudi Arabia’s ‘Sleeping Prince’ Dies Weeks After PRNigeria Debunked Viral Recovery…

    • PR Nigeria Award
  • E-Paper
Home Fact-Check Fact Check: Has U. S. Launched a Global Crackdown to Invalidate Illicit...
  • Fact-Check

Fact Check: Has U. S. Launched a Global Crackdown to Invalidate Illicit Dollar Holdings?

By
Dahiru M Lawal
-
April 21, 2025
Reports claim that the US Government has moved to check dollar stockpile in Africa

Fact Check: Has U. S. Launched a Global Crackdown to Invalidate Illicit Dollar Holdings?

Claim: A viral report claims that the U.S. Treasury has launched an aggressive global campaign to invalidate unregistered or illicitly held U.S. dollar bills under a supposed new law called the “Global Corruption Accountability & Dollar Sanitization Act.” 

According to the report, any U.S. dollars tied to tax evasion, corruption, or black-market activity will be rendered worthless, with offshore banks given 90 days to report large cash holdings or face sanctions. It also alleges that global task forces are targeting hidden dollar caches in regions like Dubai, Switzerland, and parts of Africa and Asia.

The report further claims that countries such as Germany, Mexico, Turkey, and Pakistan have joined the effort, signaling a coordinated global push to eliminate “black dollar economies.” It suggests that business elites, corrupt politicians, and currency smugglers could lose billions in cash holdings overnight unless they declare them to authorities.

Verification: PRNigeria fact-check on the claim reveals that no such law exists in the U.S. legislative framework, and there is no official record or credible reporting to support this alleged global financial crackdown. 

While the U.S. does engage in anti-money laundering efforts and collaborates with global financial watchdogs, there has been no policy move to invalidate physical U.S. currency or enforce mandatory global reporting on such terms. 

This viral narrative appears to be fabricated and potentially designed to mislead or cause panic. 

Key Claims and Their Veracity: 

Read Also:

  • VON Apologizes for Erroneous WAFCON Report, Cites Possible Security Breach, Identifies Culprit
  • Police Operatives Eliminate 3 Bandits, Recover 10 AK-47 Rifles
  • Tinubu to Honours 210 Ex-NYSC Members for Meritorious Services
  1. Existence of the “Global Corruption Accountability & Dollar Sanitization Act”:

No such act exists. The U.S. Congress has introduced the “Combating Global Corruption Act of 2025” (H.R.385), which mandates the State Department to assess and rank foreign governments based on their anti-corruption efforts. However, this legislation does not pertain to invalidating U.S. dollar holdings or implementing a global crackdown on illicit funds.

  1. Invalidation of Unregistered U.S. Dollar Bills:

The U.S. government has not announced any plans to invalidate unregistered or hoarded dollar bills. Historically, all designs of U.S. Federal Reserve notes remain legal tender, regardless of their issue date. There is no policy or mechanism in place to render specific dollar bills worthless based on their registration status or association with illicit activities. ​

  1. Mandatory Reporting by Offshore Banks and Sanctions:

While the U.S. has measures to combat money laundering and illicit financial flows, there is no immediate requirement for offshore banks to report all high-value cash dollar holdings within 90 days under threat of sanctions. Such claims lack substantiation from official sources.​ 

  1. Global Cooperation and Support from Other Nations: 

There is no verified information indicating that countries like Germany, Mexico, Turkey, or Pakistan have signaled support for such an initiative or are preparing their own “dollar accountability audits.” These assertions appear to be unfounded.

Conclusion: PRNigeria concludes that the claim contains numerous unverified and false claims about U.S policies regarding the U.S dollar and International Financial Regulations.

Verdict: PRNigeria therefore concludes that the claim that the U.S. Treasury has launched an aggressive global campaign to invalidate unregistered or illicitly held U.S. dollar bills under a supposed new law is FALSE.

By PRNigeria 

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Donald Trump
  • Illicit Dollar Bills
  • United States of America
  • US dollars
Previous articleEnhancing Corporate Transparency Through Mandatory Identity Revalidation by Yusuf Lawal
Next articleFact Check: Is Burning Incense ‘Turare’  Danger to Human Health?
Dahiru M Lawal
Dahiru M Lawal

RELATED ARTICLESMORE FROM AUTHOR

PRNigeria Young Communication Fellowship 2025 logo

PRNigeria Opens Application for 2025 Young Communication Fellowship

Troops of Operation FANSAN YANMA

Troops Kill Three Terrorist Leaders in Sokoto Ambush, Recover Weapons

Bashir Adewale Adeniyi Customs Boss

How Customs is Tightening Borders to Stop Illicit Cash Flows – CG Adeniyi 

FACT-CHECK: Did a N10bn Lafia Flyover Collapse Three Weeks After Commissioning in Nasarawa?

NAF combat-ready Unmanned Aerial Vehicle (UAV) operators

NAF Bolsters Battlespace Dominance with New Combat-Ready UAV Operators

PHOTOS: How Nigerian Military’s Coordinated Air and Ground Assault Crushed Terrorists in Warari Operation

Brigadier General Olakunle Oluseye Nafiu, Director General of the National Youth Service Corps (NYSC)

NYSC Seeks Stakeholder Support to Enhance Orientation Exercises

Late President Muhammadu Buhari

Walson-Jack: Buhari Was a Pillar of Integrity in Nigeria’s Public Sector

CDS Musa

CDS Hails ‘Produce for Lagos’ as Blueprint for National Security

Military Troops in Action

Nigerian Troops Neutralize Over 100 Bandits in Decisive Warari Operation

NSCDC, DSS Deepen Synergy to Enhance Security in FCT

Naval Chief Applauds PRNigeria for Countering Fake News, Promoting National Security

Recent Posts

  • VON Apologizes for Erroneous WAFCON Report, Cites Possible Security Breach, Identifies Culprit
  • Police Operatives Eliminate 3 Bandits, Recover 10 AK-47 Rifles
  • Tinubu to Honours 210 Ex-NYSC Members for Meritorious Services
  • PRNigeria Opens Application for 2025 Young Communication Fellowship
  • NDLEA Arrests Chinese Businessman, 80-Year-Old Grandma in Nationwide Drug Raids 
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
VON Apologizes for Erroneous WAFCON Report, Cites Possible Security Breach, Identifies CulpritPolice Operatives Eliminate 3 Bandits, Recover 10 AK-47 RiflesTinubu to Honours 210 Ex-NYSC Members for Meritorious ServicesPRNigeria Opens Application for 2025 Young Communication FellowshipNDLEA Arrests Chinese Businessman, 80-Year-Old Grandma in Nationwide Drug Raids IEDPU Praises CP Moshood Jimoh of Lagos Police for Exemplary LeadershipTroops Repel Boko Haram Attack in Gwoza, Recover FirearmsTroops Kill Three Terrorist Leaders in Sokoto Ambush, Recover WeaponsNavy Arrests 9 Impostors Operating as Fake Coast Guards in Akwa IbomArmy Dismisses Allegations of Delayed Promotions, Stagnant AllowancesCourt Remands TikToker Arrested by DSS for claiming President Tinubu diedDeath, you can’t be Proud of this By Abdulrahman Abdulraheem Tinubu Mourns Veteran State House Correspondent, Leon UsigbePolice Arrest 22 Cultists in OgunEnugu Police Raid IPOB/ESN Hideout, Nab 25 Militants, Recover Firearms
X whatsapp