Trump Orders Banks to Join His Immigration Crackdown

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U.S. President Donald Trumphttps://thedailybeast-thedailybeast-prod.web.arc-cdn.net/resizer/v2/QIDHCVNMR5HRRINFBIDF5WQIM4.JPG?auth=3c1bc417c55471ee64165e7052e0f8ecb3f2578b2bdc62ecb049912e6dcb74b6&smart=true&width=5205&height=2928" />
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President Donald Trump has ordered banks to join his https://www.thedailybeast.com/ice-goons-surround-judges-car-and-threaten-to-smash-in-windows/" rel="" target="_self" title="https://www.thedailybeast.com/ice-goons-surround-judges-car-and-threaten-to-smash-in-windows/">immigration crackdown.

In an executive order signed Tuesday, the president, 79, directed banks to gather more information about their customers’ immigration status, part of a push to ramp up Trump’s nationwide https://www.thedailybeast.com/major-hole-in-trumps-deportation-strategy-exposed/" rel="" target="_self" title="https://www.thedailybeast.com/major-hole-in-trumps-deportation-strategy-exposed/">immigration crackdown.

The order instructs the Treasury Department and federal banking regulators to https://www.wsj.com/finance/regulation/trump-order-would-push-banks-to-check-clients-citizenship-status-f8645caf" rel="">tighten “know your customer” rules designed to combat money laundering and illicit finance, while also targeting what the White House described as the financial risks posed by lending to undocumented immigrants.

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