President Donald Trump signed an executive order Tuesday directing banks to consider immigration status when evaluating financial risk, a move that could make it harder for noncitizens without Social Security numbers to access bank accounts, credit and other financial services.
The order, titled "Restoring Integrity to America's Financial System," directs the Treasury Department and federal regulators to issue guidance under the Bank Secrecy Act on identifying customers whose profiles or transactions may signal risks such as money laundering, terrorism financing or labor trafficking.
