Link: https://www.wsj.com/politics/policy/trump-administration-considers-action-requiring-banks-to-collect-citizenship-info-8e26f6d2?st=LTeRqx&reflink=desktopwebshare_permalink

Potential executive order would enlist banks in the White House’s illegal-immigration crackdown

This post uses a gift link with a view count limit. If it runs out, an earlier version of the article is here. That version is missing some significant details such as:

In January, FinCEN issued an order requiring banks and money transmitters in two Minnesota counties to file information about overseas transactions greater than $3,000, far lower than the normal $10,000 threshold for flagging cash transactions. Banks already think the $10,000 limit should be raised and have struggled to comply with the Minnesota order, according to some people familiar with their efforts.

The Washington Post has an article as well now

Do you want less people paying taxes?

This is how you get less people paying taxes.

We need the Templars to do our banking again.

EOs are not laws. The media is complicit in putting pieces out with things like "how that will look in practice" or "how this will affect you".

Just call it what it is. Illegal and unenforceable and treat his EOs like Trump treats the Constitution.

It'd be nice to see banks, as a group, just say: make us. But it would not surprise me to see them cave...