Trump Admin Discusses Having Banks Collect Citizenship Information

The action could direct banks to request an unprecedented new category of documents.

The Trump administration is weighing actions that would have banks collect citizenship information from their customers.

Treasury Department officials said the move that would align with President Trump’s crackdown on immigrants living in the U.S. illegally.

The action could direct banks to request an unprecedented new category of documents, such as a passport, from customers looking to open or maintain accounts.

The Trump administration is weighing whether to sign an executive order or take a different action to move forward.

Currently, banks are not required to collect or verify citizenship status and there is no prohibition on opening accounts for non-citizens.

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