Trump Signs Orders Targeting Illicit Finance and Fintech
President Trump signed orders to prevent financial crimes and improve fintech collaboration. The Treasury will update Bank Secrecy Act rules for due diligence.
Xurve View
Xurve View
President Donald Trump signed two executive orders on Tuesday evening to combat financial crime and streamline regulations for financial technology firms. The orders target illicit activities including payroll tax evasion and labor trafficking while pushing for closer bank-fintech collaboration. Investors face tighter compliance requirements under the Bank Secrecy Act alongside a more integrated regulatory environment for digital finance.
