President Donald Trump has signed a new executive order aimed at strengthening safeguards within the U.S. financial system and addressing concerns related to illicit financial activity. The measure is part of the administration’s broader efforts to enhance financial oversight and improve compliance with existing federal regulations. The order directs the Treasury Department and federal financial regulators to provide updated guidance to banks and other financial institutions. The guidance is intended to help identify patterns and behaviors that may be associated with money laundering, terrorism financing, labor trafficking, and other forms of financial crime. Officials say the goal is to protect...
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