The executive order gives banks the authority to define 'suspicious,' linking risk directly to credit assessment. This is not anti-money laundering; it's clearly financial weaponization.

According to reports, on May 19th, Trump signed an executive order to strengthen scrutiny of bank activities in the United States for non-citizens without work permits, instructing the Treasury Department to issue guidance to financial institutions to identify and report suspicious activities such as tax evasion, concealment of identity, off-the-books wages, and more. The order aims to restore the integrity of the financial system and prevent risks, with new regulations to be introduced within 60–180 days. The core measures include strengthening due diligence, incorporating potential deportation and income loss into repayment assessments, and cracking down on behaviors that circumvent banking secrecy laws, such as using ITINs, shell companies, and transaction splitting.