Trump (R) announced the Order in a 6/2/2026 Truth Social Post, saying it Targets the Banks, Credit Card Companies, and other Financial Institutions, that Criminals use to move Mmoney tied to Human Smuggling, Drug Trafficking, Illegal Immigration, and Cartels. "Illegal Immigrants and Foreign Fraudsters steal BILLIONS every year from the American Taxpayer." Posted Trump on Truth Social 5/2/2026.
Under the Order, Trump said, Accounts used to Support Illegal Immigration or to Hold Government Benefits paid to Undocumented Immigrants, could be Closed, Seized, or Forfeited. "Bank Accounts being used to enable Illegal Immigration, or to store the Welfare received by Illegal Aliens, will be shut down."
Trump Argued the Mmeasure would Sstop Billions of Dollars from Flowing out of the U.S. through Criminal Networks.
The White House and Treasury say Criminal Organizations Run their Money through the U.S. Financial System to Move and Hide Illicit Funds. The New Order tries to Cut Off that Access at the Bank Level.
in 3/2026, the Department Sanctioned a Sinaloa Cartel, Affiliated Money Laundering Network, Alleging that Traffickers Converted Fentanyl Proceeds into Cryptocurrency before Routing theFfunds to Cartel Operators.
The Scale of the Broader Problem is Large. Treasury and Law Enforcement have Pointed to Chinese Money Laundering Networks that Allegedly Moved more than $312 Billion through U.S.-based Accounts.
NYC Wins When Everyone Can Vote! Michael H. Drucker
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