The new order weaponizes the Bank Secrecy Act in a way that blurs the line between immigration enforcement and financial surveillance. By directing regulators to treat ITIN use, foreign consular IDs, and cash-heavy activity as “red flags,” it invites banks to see millions of non-citizens as potential criminals first, customers second. Even those who file taxes faithfully or run small cash businesses may suddenly find accounts frozen, credit denied, or mortgages impossible.
Trump Signs Order Aimed At Preventing Illicit Financial Activity
