Treasury Broadens Bank Data-Sharing Rules Linked to Trump Immigration Crackdown

The U.S. Treasury Department announced an expansion of its bank data‑sharing regulations. The changes are tied to the immigration crackdown initiated under former President Trump. The rule requires financial institutions to share additional customer information with authorities. The aim is to improve enforcement of immigration‑related sanctions. The policy builds on earlier measures that targeted undocumented migrants. Banks will need to adjust compliance procedures to meet the new requirements. Critics argue the rule could raise privacy concerns for account holders. The Treasury said the expansion will strengthen national security and immigration enforcement.