
Heather Trew
Senior Vice President & Counsel (Bank Secrecy Act/AML/Sanctions) at the American Bankers Association; former Treasury and DOJ lawyer specializing in financial crimes and national security law.
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Jun 11, 2026
Understanding bank regulators' guidance on illegal immigration
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Evan SparksHOST
What action has the White House taken to kind of put some interpretive guidance around these issues around citizenship and the financial services system?

Heather TrewGUEST
So, yes, as you mentioned, the president issued an executive order on May 19th, EO 14406, Restoring Integrity to America's Financial System, which essentially was a policy statement that directed certain actions by agencies.

Heather TrewGUEST
It covered things in my area, as well as some potential action related to credit risk in Consumer Financial Protection Bureau statements, which we will not talk quite so much about today.

Heather TrewGUEST
But what it addressed in my area was it directed Treasury to take certain actions.

Heather TrewGUEST
and Treasury in connection with the federal financial regulators, the federal banking agencies to take certain actions.
9 MINS LATER

Evan SparksHOST
Are there other questions you're getting from bankers and compliance professionals about how to navigate this advisory and anything else that may be coming in the future?