

The Trump administration is working to remove illegal aliens from the banking system to encourage more self-deportations.
White House Deputy Chief of Staff Stephen Miller announced that the Treasury Department has issued new guidance directing financial institutions to limit services to individuals without legal immigration status.
The move is based on a May executive order aimed at protecting the integrity of the American financial system and reducing incentives for illegal immigration.
On Friday, Miller appeared on the Clay Travis and Buck Sexton Show and explained that illegal aliens “don’t live in the shadows” but instead fully participate in the financial system with bank accounts, credit cards, and direct deposit payments.
“We are not going to allow illegal aliens to use banking services in this country,” Miller stated. “You know, contrary to popular perception, the stupid phrase about ‘illegal aliens living in the shadows.’ Illegal aliens don’t live in the shadows! Illegal aliens have credit cards.”
Miller explained that once illegal aliens lose access to capital, it will become “a major driver of self-deportation.”
“They have bank accounts, and they are paid with direct deposit. So illegal aliens fully participate in the commercial systems, the financial systems of America — shutting that down is a massive engine for deportation.”
Miller emphasized that the policy targets the way illegal aliens sustain their presence in the United States through employment and financial services. Access to banking services, loans, and credit has long allowed illegal immigrants to establish roots and avoid detection.
“The next step in this process is us meeting individually with banks and financial institutions on cooperating with us to remove the illegal aliens from the banking system,” Miller explained.
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The foundation for this policy is Executive Order 14406, which was signed by President Trump in May. It was titled “Restoring Integrity to America’s Financial System.”
The order directs the Treasury Department to issue advisories identifying red flags associated with non-work-authorized people, including the use of Individual Taxpayer Identification Numbers (ITINs) to open accounts or obtain credit without verified lawful status.
It also calls for enhanced due diligence by banks and highlights risks such as payroll tax evasion, labor trafficking, and the structural inability of illegal aliens to repay loans if they face deportation or lose employment.
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