US Weighs Bank Citizenship Data Requirements, Reports Say (2)

The Trump administration is discussing an executive order designed to force banks to collect citizenship data alongside other identification information from customers, according to multiple media reports.

The potential move would represent a significant new push in President Donald Trump’s effort to discourage undocumented migration to the US, and could impose substantial and unprecedented new mandates on financial institutions.

The order, reported by the Wall Street Journal and Semafor, could apply to not only new customers but existing account holders. While there are not currently rules against noncitizens opening bank accounts in the US, a requirement to produce a ...