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Trump signs new order to shut down bank accounts of undocumented immigrants

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Trump signs new order to shut down bank accounts of undocumented immigrants
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Trump signs new order to shut down bank accounts Arjun Parashar Tue, June 2, 2026 at 3:53 PM PDT 2 min read President Donald Trump has signed an executive order directing the Treasury Department to shut down bank accounts used to support illegal immigration. Trump announced the order in a June 2 Truth Social post, saying it targets the banks, credit card companies, and other financial institutions that criminals use to move money tied to human smuggling, drug trafficking, illegal immigration, and cartels. "Illegal Immigrants and Foreign Fraudsters steal BILLIONS every year from the American Taxpayer." posted President Donald Trump, Truth Social, June 2.

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Trump signs new order to shut down bank accounts Arjun Parashar Tue, June 2, 2026 at 3:53 PM PDT 2 min read President Donald Trump has signed an executive order directing the Treasury Department to shut down bank accounts used to support illegal immigration. Trump announced the order in a June 2 Truth Social post, saying it targets the banks, credit card companies, and other financial institutions that criminals use to move money tied to human smuggling, drug trafficking, illegal immigration, and cartels. "Illegal Immigrants and Foreign Fraudsters steal BILLIONS every year from the American Taxpayer." posted President Donald Trump, Truth Social, June 2.

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