Trump is "weighing a possible executive order or other action that would require banks to collect citizenship information from customers."
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Trump is "weighing a possible executive order or other action that would require banks to collect citizenship information from customers." This order could task banks, reportedly alarmed, with checking IDs of "both new and pre-existing customers who want to maintain a bank account in the U.S."
@zackwhittaker don't US banks already have to comply with KYC (Know Your Customer)?
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@zackwhittaker don't US banks already have to comply with KYC (Know Your Customer)?
@nathan_wasson @zackwhittaker they check other things but citizenship isn’t always required.
Works differently here. Most govt agencies cannot even ask for immigration or citizenship status
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Trump is "weighing a possible executive order or other action that would require banks to collect citizenship information from customers." This order could task banks, reportedly alarmed, with checking IDs of "both new and pre-existing customers who want to maintain a bank account in the U.S."
@zackwhittaker Isn't executive order sort of "company memo" for the executive branch? I.e. it has no (legal) power for private enterprises.
I suppose there's a question whether they'll comply anyway when the push comes to shove...
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Trump is "weighing a possible executive order or other action that would require banks to collect citizenship information from customers." This order could task banks, reportedly alarmed, with checking IDs of "both new and pre-existing customers who want to maintain a bank account in the U.S."
@zackwhittaker The fact that this guy hasn’t been impeached yet is a damning indictment of our political system.
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R relay@relay.infosec.exchange shared this topic
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Trump is "weighing a possible executive order or other action that would require banks to collect citizenship information from customers." This order could task banks, reportedly alarmed, with checking IDs of "both new and pre-existing customers who want to maintain a bank account in the U.S."
With Republicans, Accusations are Confessions
Trump knows that a ton of foreign money got him elected.
Saudi fossil fuel money.
Russian sanctioned oligarchs.
Chinese & Korean cryptocurrency.
Qatar & UAE money laundering banks.He's afraid they might turn on him or opposition can use the same tactics against him.
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Trump is "weighing a possible executive order or other action that would require banks to collect citizenship information from customers." This order could task banks, reportedly alarmed, with checking IDs of "both new and pre-existing customers who want to maintain a bank account in the U.S."
@zackwhittaker Don’t they already get Social Security numbers?
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Trump is "weighing a possible executive order or other action that would require banks to collect citizenship information from customers." This order could task banks, reportedly alarmed, with checking IDs of "both new and pre-existing customers who want to maintain a bank account in the U.S."
@zackwhittaker sooo that's probably illegal, ie no force of law, so banks can ignore until Congress acts, if it ever does
(yes yes IANAL, please correct me if I'm wrong, any lawyers reading along)
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Trump is "weighing a possible executive order or other action that would require banks to collect citizenship information from customers." This order could task banks, reportedly alarmed, with checking IDs of "both new and pre-existing customers who want to maintain a bank account in the U.S."
@zackwhittaker I'm counting on #TACO
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Trump is "weighing a possible executive order or other action that would require banks to collect citizenship information from customers." This order could task banks, reportedly alarmed, with checking IDs of "both new and pre-existing customers who want to maintain a bank account in the U.S."
@zackwhittaker @briankrebs Trump is trying so hard to crash the economy however he can, isn’t he?
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Trump is "weighing a possible executive order or other action that would require banks to collect citizenship information from customers." This order could task banks, reportedly alarmed, with checking IDs of "both new and pre-existing customers who want to maintain a bank account in the U.S."
@zackwhittaker Don't banks already check ID anyway? Why is an executive order necessary for something that is already happening?
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Trump is "weighing a possible executive order or other action that would require banks to collect citizenship information from customers." This order could task banks, reportedly alarmed, with checking IDs of "both new and pre-existing customers who want to maintain a bank account in the U.S."
@zackwhittaker that's pretty ironic though, because all European banks already require passports, mainly because they want to know if you are a US citizen so they can report you to the US to pay taxes (the US is the only country I know where you have to pay taxes even when you live abroad) because the US put so much pressure on in the last 20 years and said they would blacklist banks otherwise...
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@zackwhittaker Don't banks already check ID anyway? Why is an executive order necessary for something that is already happening?
@gerowen @zackwhittaker Banks check ID to be sure who a person is, but they don’t generally check citizenship. The forms of ID banks require (like driver licenses) are generally available to non-citizens.
The proposed order is *wildly* illegal, but so was all the stuff last year targeting law firms who represented people in cases against him.
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@zackwhittaker The fact that this guy hasn’t been impeached yet is a damning indictment of our political system.
@thomasareed @zackwhittaker We need to impeach SCOTUS members too for their blatant "selling us out" to the regime.
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Trump is "weighing a possible executive order or other action that would require banks to collect citizenship information from customers." This order could task banks, reportedly alarmed, with checking IDs of "both new and pre-existing customers who want to maintain a bank account in the U.S."
@zackwhittaker One has to contrast El Cheato's demand for proof of citizenship with his cancellation of the FBI Financial Crimes Network (FINCEN)'s BOIR statements of beneficial (actual) ownership of each corporation.
In other words, trump wants once more to punish and harm innocent people while making it easy for corporations to commit crimes and hide behind layers of holding companies, trusts, and offshore entities.
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Trump is "weighing a possible executive order or other action that would require banks to collect citizenship information from customers." This order could task banks, reportedly alarmed, with checking IDs of "both new and pre-existing customers who want to maintain a bank account in the U.S."
Banks open accounts for people with Matrícula Consular cards already.
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R relay@relay.publicsquare.global shared this topic
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Trump is "weighing a possible executive order or other action that would require banks to collect citizenship information from customers." This order could task banks, reportedly alarmed, with checking IDs of "both new and pre-existing customers who want to maintain a bank account in the U.S."
@zackwhittaker It's an attempt to tank the economy even more, just to exert more "emergency" powers, or whatever the fascistas are needling this demented pedo about in their quest for power over we the people through "laws" they don't even intend to adhere to themselves - isis wannabe project 2025 authors
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Trump is "weighing a possible executive order or other action that would require banks to collect citizenship information from customers." This order could task banks, reportedly alarmed, with checking IDs of "both new and pre-existing customers who want to maintain a bank account in the U.S."
@zackwhittaker Dude, in my country I recently had to show my ID at the bank for exchanging the equivalent of about 2 euros of currency.
