Trump Restricts Banks' Support for Migrants, Foreign Criminals

Trump Restricts Banks’ Support for Migrants, Foreign Criminals


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Pro-American advocates for migration reform are praising President Donald Trump’s Executive Order to restrict banks’ cooperation with migrants and criminals.

“Excellent move,” responded Rep. Andy Ogles (R-TN). “Illegals should have 0 [zero] access to America’s financial institutions. Debank and deport them ALL.”

“This is a great way to protect American consumers!” said Sen. Jim Banks (R-IN). “Illegal aliens take out loans that they never intend to repay. Americans are left with the bill.”

“President Trump has officially moved toward de-banking illegal aliens with a new Executive Order released today,” said the Immigration Accountability Project Action group.

The Wall Street Journal reported:

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Trump on Tuesday ordered regulators to rethink so-called “know your customer” rules meant to guard against money laundering and terrorist financing. The executive order would make a person’s immigration status an explicit part of a bank’s assessment of whether a customer poses a money-laundering risk.

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