Trump orders US Treasury to propose changes to Bank Secrecy Act rules
( May 19, 2026, 23:31 GMT | Official Statement) -- MLex Summary: US President Donald Trump signed an executive order that directs the Treasury Department to propose new rules under the Bank Secrecy Act that the White House said would protect America’s financial system from illicit activity, strengthen customer identification requirements for financial institutions and address the credit risks posed by extending financial services to undocumented people.Full release follows:...
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