Treasury Enhances Bank Data Rules to Combat Illegal Labor and Cartels

WHO:

ABC News - The Treasury Department is involved in the immigration crackdown initiated by President Trump.

NY Post - The Trump administration is empowering local banks.

WHAT:

ABC News - The Treasury Department has expanded bank data-sharing rules.

NY Post - The new powers allow banks to share customer surveillance video and cyber data to combat cartel financing and illegal immigration fraud.

NY Post - Payroll tax fraud schemes accounted for $2.5 billion in suspicious banking activity.

WHERE:

NY Post - The actions involve local banks across the nation.

WHY:

NY Post - The measures aim to hunt down cartel financiers and illegal immigration fraud rings.

HOW:

NY Post - The Treasury Department's new rules enable banks to share surveillance video and cyber data.

(UPDATED June 13, 2026 01:46 UTC)

The Treasury Department is stepping up its involvement in the immigration crackdown initiated by Trump, expanding bank data-sharing rules to empower local banks across the nation. These new measures allow banks to share customer surveillance video and cyber data, which are crucial in the fight against cartel financing and illegal immigration fraud, with payroll tax fraud schemes alone accounting for $2.5 billion in suspicious banking activity. The goal of these actions is to effectively hunt down those involved in financing cartels and illegal immigration fraud rings.