Here's a screenshot from the EO's fact sheet:
You thought Trump was gonna give you number go up, instead he gave you BSA go up.
The problem: it is not only "illegal aliens" which face "potential removal" or "loss of wages" anymore. Under recent orders from the Trump administration, the list also includes green card holders with unfavorable political beliefs, as well as naturalized citizens. Under newest guidance, the Office of Immigration Litigation has been asked to provide the administration with 100-200 denaturalization cases per month for potential removal, leaving banks to evaluate whether to grant services to legal immigrants or naturalized citizens under Trump's BSA EO.
Seems like banks ought to be able to figure out for themselves who they can lend to.
lol...
people still believe politicians.
Yes, they could. But being a part of the executive branch since their annexation in the early 2000s, banks also need to enforce whatever comes down the pipe.
Yeah, they basically exist because of their relationship with the state.
Just another day at the office making sure plebs can't wriggle through state fingers. Economic incentives being what they are the wriggling will just change.
This is why Bitcoin is so important for natsec, with a transparent ledger the security apparatus can just do this without trying to coerce international banks who's primary purpose is to launder money for foreign NGOs and hostile states. The US can just track flows globally, unbounded by borders, shell corps, and hostile banks.