BY TYLER DURDEN
THURSDAY, FEB 26, 2026 – 09:45 PM
Authored by Steve Watson via Modernity.news,
President Trump’s administration is ramping up its assault on illegal immigration by eyeing a bold new tactic: enlisting banks to verify the citizenship of every customer.
This potential executive order would mandate financial institutions to collect proof like passports from both new and existing account holders, effectively cutting off undocumented migrants from the banking system they’ve exploited under open-border policies.
It’s a commonsense step to safeguard American resources, but watch as Democrats and their corporate allies howl in protest – the same crowd that fights tooth and nail against voter ID requirements won’t back this either.
NEW: President Trump is reportedly considering forcing banks to help in his administration’s illegal immigration crackdown.
According to CNN, the banking industry is "very alarmed" by the potential action.
"Sources do tell CNN that the industry is concerned here because they’re… pic.twitter.com/Q8v8avDw3d
— Collin Rugg (@CollinRugg) February 25, 2026
The move was first reported by the Wall St Journal, with a CNN segment noting “Sources do tell CNN that the industry is concerned here because they’re worried that this kind of action, it could almost compel them to be part of the administration’s immigration crackdown.”
The policy would expand on existing know-your-customer rules, which focus on preventing money laundering but ignore citizenship status entirely.
Banks currently don’t prohibit non-citizens from opening accounts, allowing illegals to stash funds siphoned from taxpayer-supported programs.
Under the proposed order, institutions might have to retroactively demand documents like passports, potentially closing accounts for those who can’t prove U.S. citizenship.
Source:
https://www.zerohedge.com/political/trump-admin-planning-use-banks-enforce-immigration-laws