President Donald Trump's executive order titled "Restoring Integrity to America's Financial System" does not explicitly ban remittances, but analysts and economists say several of its provisions could significantly affect how undocumented migrants send money abroad, particularly to Mexico.
The order directs the Treasury Department and federal banking regulators to tighten customer identification and due diligence requirements for financial institutions. While the administration frames the measures as an effort to combat money laundering, fentanyl trafficking and fraud, experts warn the changes could increase scrutiny of immigrants using banks, remittance companies and digital payment services.
