The Trump administration is considering requiring banks to collect customers' citizenship information.

PANews reported on February 25th that, according to the Wall Street Journal, the Trump administration is considering using executive orders or other measures to require the U.S. banking system to systematically collect customers' citizenship information. Sources familiar with the matter said the move, led by the U.S. Treasury Department, may require banks to request additional identification documents, including passports, from both new and existing customers as a prerequisite for opening or maintaining a bank account in the U.S. This measure is seen as the latest attempt by the White House to extend its crackdown on illegal immigration into the financial system; specific implementation details and a timeline have not yet been officially announced.