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Trump Signs Order Aimed At Preventing Illicit Financial Activity

The Trump administration is tightening rules on non-citizens’ access to the U.S. financial system under updated Bank Secrecy Act guidance.
Banks will be asked to flag suspicious activity such as unusual cash movements, shell companies, and the use of ITINs instead of Social Security numbers.
Officials say the goal is to prevent financial crime, while critics argue it could limit banking access for some non-citizens.


