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Heather Trew

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.

Jun 11, 2026

1:05
What action has the White House taken to kind of put some interpretive guidance around these issues around citizenship and the financial services system?
1:15
Great question, Evan.
1:16
Always good to start with what happened.
1:18
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.
1:35
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.
1:48
But what it addressed in my area was it directed Treasury to take certain actions.
1:54
and Treasury in connection with the federal financial regulators, the federal banking agencies to take certain actions.

9 MINS LATER

11:16
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?

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