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Home ›› Regulations Compliance ›› Customs Compliance ›› US Treasury urges banks to monitor migrant transactions
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US Treasury urges banks to monitor migrant transactions

iG
iGEN Editorial
June 6, 2026
US Treasury urges banks to monitor migrant transactions

Executive Summary

The US Treasury Department's financial crimes unit has asked banks to watch for signs of identity theft, payroll tax fraud and money laundering linked to the employment of people living in the country illegally, marking the latest step in President Donald Trump's immigration crackdown, AP reported. The Financial Crimes Enforcement Network (FinCEN) on Friday issued an advisory directing financial institutions to monitor a range of potential "red flags" associated with payroll schemes involving unauthorised workers. The move follows an executive order signed by Trump in May requiring banks to ta

Source Coverage

Source Headline Published At
Business-Today Trump immigration push: US Treasury asks banks to flag suspicious transactions linked to illegal migrants 2026-06-05 00:00:00+00:00

Timeline

  • 2026-06-05 00:00:00+00:00: Trump immigration push: US Treasury asks banks to flag suspicious transactions linked to illegal migrants (via Business-Today)

Key Entities

People: Donald Trump Organizations: US Treasury

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