Trump orders banks to more closely examine customers’ citizenship

May 20, 2026 - 17:00
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Trump orders banks to more closely examine customers’ citizenship
President Trump signed an executive order Tuesday that requires banks to more closely examine the citizenship status of its customers, as his administration works to uphold a campaign promise to crack down on those living in the country illegally. The order directs the Treasury Department to issue formal advisories to financial institutions outlining “red flags”…