Supporters frame this as a national security shield against terrorists, traffickers, and money launderers. But the practical effect is to choke legitimate access to banking, pushing vulnerable workers deeper into the cash economy where exploitation thrives and wages vanish off the books. Combined with mass detentions, narrowed public benefits, and rising deportations, the policy doesn’t just “restore integrity” to the system—it quietly redraws the boundary of who is allowed to belong in America’s financial life at all.
Trump Signs Order Aimed At Preventing Illicit Financial Activity
