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The Economic Times
The Economic Times
World

Trump orders tighter banking scrutiny of undocumented migrants, warns of account seizures

US President Donald Trump has said bank accounts used to support illegal immigration or hold welfare benefits received by undocumented migrants could be shut down and the funds seized under a new executive order aimed at tightening controls over the country's financial system.

In a post on Truth Social, Trump said his administration was taking steps to prevent banks, credit card companies and other financial institutions from being used to facilitate human smuggling, drug trafficking, illegal immigration and activities linked to criminal cartels.

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