Former President Trump signed a new order 2 days ago, planning to scrutinize foreign individuals' banking transactions in the US.

BlockBeats News, May 22, President Trump signed an executive order on May 19, requiring increased scrutiny on "non-citizens" in the U.S. banking sector.

According to information on the White House website, Trump directed the Treasury Department to issue formal guidance to financial institutions to identify and report suspicious activities such as wage tax evasion, concealment of account ownership, off-payroll wage payments, and more.

It is reported that this executive order, under the guise of "restoring integrity to the financial system and mitigating systemic risks," instructs the Treasury Department, the Consumer Financial Protection Bureau, and federal financial regulatory agencies to introduce new regulations within 60 to 180 days. The main points include: requiring financial institutions to enhance due diligence on customers without work authorization and their employers; including "potential eviction and income loss" in loan repayment capacity assessments; and rigorously investigating illegal financial activities that circumvent the Bank Secrecy Act using Individual Taxpayer Identification Numbers (ITIN), shell companies, structuring transactions, and other means.