Trump Signs Order Aimed At Preventing Illicit Financial Activity

The order describes “red flags and typologies” associated with suspicious activity.

Among these are repetitive cash withdrawals, the use of shell companies to conceal true account ownership, and the use of certain platforms for “off-the-books” wage payments.

The “red flags” also encompass the use of an individual taxpayer identification number (ITIN) in place of a Social Security number when opening an account or performing specific banking transactions. This number is accessible to all, irrespective of their immigration status, and is used to file and pay taxes.

Even for legitimate reasons, the move could exacerbate the challenges faced by non-citizens, particularly undocumented immigrants, in obtaining financial services.

The U.S. government has implemented a stringent policy regarding immigration, regardless of whether it is legal or illegal, has restricted the access of immigrants to public services, increased scrutiny for visa and citizenship applications, and detained and deported individuals in mass, including those with lawful immigration status.

Protests across the nation have been incited by extensive immigration operations, which have resulted in the deaths of numerous Americans at the hands of federal agents.