First Published: June 3, 2026, 5:11 AM EDT

Trump signs executive order targeting financial systems to combat illegal immigration, crime

Former President Donald Trump signed an executive order, to be led by the Treasury Department, aimed at preventing financial institutions from facilitating human smuggling, drug trafficking, and illegal immigration. The order targets bank accounts used by

— Former President Donald Trump signed an executive order, to be led by the Treasury Department, aimed at preventing financial institutions from facilitating human smuggling, drug trafficking, and illegal immigration. The order targets bank accounts used by undocumented individuals, with funds subject to impoundment and seizure.

A recent Executive Order, signed by President DONALD J. TRUMP, aims to prevent the use of U.S. financial systems by individuals involved in human smuggling, drug trafficking, and illegal immigration. The order, to be led by the Treasury Department, seeks to shut down bank accounts used to enable illegal immigration or store welfare received by undocumented individuals, with funds subject to impoundment and seizure. This measure is intended to combat financial fraud and reverse what is described as “mass illegal immigration” by restricting financial access to those without legal residency.

Assigned topic: Border security.

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