Trump Administration Considers Requiring Banks to Collect Citizenship Information

The Trump administration is reportedly considering an executive order requiring banks to collect citizenship documentation, such as passports, from customers, including existing account holders. This move aims to tighten immigration controls by creating barriers for undocumented migrants accessing financial services. Currently, banks require basic identification under 'Know Your Customer' rules but not proof of citizenship. The White House has not officially confirmed the policy, and banking groups have not commented. The proposal reflects ongoing immigration enforcement efforts amid broader political debates.