
President Donald Trump has signed a new executive order aimed at tightening oversight of the U.S. financial system and combating illicit activities such as money laundering, terrorism financing, and labor trafficking. The policy would require financial institutions to consider immigration-related factors when assessing risk, sparking debate over its potential impact on non-citizens and undocumented immigrants. Supporters say the measures will strengthen national security and protect taxpayers, while critics warn they could make banking services harder to access for many individuals. Read below to learn what the order changes and why it is generating controversy.