Trump Administration Contemplates Requiring Banks to Collect Client Citizenship Information The US President Donald Trump's administration is contemplating a directive that would compel banks to gather data on their clients' citizenship status. This move, as per The Wall Street Journal, signals a shift in the government's approach towards combating illegal immigration in the country. If implemented, banks would need to seek citizenship-related documentation from both current and prospective clients. Presently, regulations do not stipulate the collection or sharing of such details with authorities. An unnamed official stated that the plan is under deliberation at the Treasury Department, with a final verdict pending.

The US President Donald Trump's administration is contemplating a directive that would compel banks to gather data on their clients' citizenship status. This move, as per The Wall Street Journal, signals a shift in the government's approach towards combating illegal immigration in the country.

If implemented, banks would need to seek citizenship-related documentation from both current and prospective clients. Presently, regulations do not stipulate the collection or sharing of such details with authorities.

An unnamed official stated that the plan is under deliberation at the Treasury Department, with a final verdict pending.