GEOPOLITICS | Trump Administration Considers Requiring Banks to Collect Customer Nationality Information

The Trump administration is reportedly contemplating a move to mandate banks to gather nationality information from their customers. According to Jin10, sources familiar with the matter have indicated that a final decision on this potential new executive order has not yet been made. This consideration comes amid ongoing discussions within the administration about enhancing financial oversight and security measures. The proposal, if implemented, could have significant implications for both banks and their clients, potentially affecting privacy and regulatory compliance. Further details on the administration's deliberations and the timeline for any decision remain undisclosed.