Trump might order banks to verify clients’ citizenship. What’s so wrong about that?

Follow the money applies even more strongly to Trump, his family and his enablers:

…And while banks are required to adhere to anti-money-laundering and KYC rules and list where a customer lives, they are not currently required to collect and verify citizenship information.

If Mr. Trump signed such an executive order, it could require banks to retroactively get citizenship information from existing customers and collect it from new customers.

Politics and privacy aside, that task would be Herculean – and expensive. The costs would likely be passed on to customers.

Opponents of such a measure would say that once again, Mr. Trump is overreaching his authority. This has nothing to do with the integrity of the banking system and everything to do with his agenda.

Supporters would be quick to remind detractors that one of Mr. Trump’s top campaign promises was to crack down on illegal immigration. And while not everyone agrees with his tactics, don’t be so naive to think you can do the job by being soft, and this is what the majority of American voters said they wanted.

At the end of the day, it really comes down to the now infamous line from All the President’s Men, the 1976 film about the Watergate scandal. 

If you want to shine a light on corruption, “follow the money.” And that, presumably, is what such a measure would be meant to do.

Source: Trump might order banks to verify clients’ citizenship. What’s so wrong about that?