A potential executive order would reportedly aim to curb undocumented migration in the US
The White House is weighing an executive order that would force banks to collect citizenship information from customers, the Financial Times has reported.
The new order would represent a significant new push in US President Donald Trump’s drive to curb undocumented migration, the outlet wrote on Tuesday, citing sources. The order could be applied to new customers as well as existing account holders, it said, adding that the banks are alarmed by the discussions.
Under the Bank Secrecy Act, American lenders must obtain customers’ names, dates of birth and…
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