Federal Prudential Regulators Ask Financial Institutions to Detect and Report Illicit Activity Related to Illegal Aliens

Alexandria, VA (June 5, 2026) ―Today the National Credit Union Administration joined the U.S. Department of the Treasury's Financial Crimes Enforcement Network, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of Currency in issuing an advisory urging financial institutions to be vigilant against risks presented by the unlawful employment of illegal aliens in the United States.

The advisory, developed in coordination with the Internal Revenue Service, advises credit unions and banks to be vigilant against criminal activities involving the unlawful employment of illegal aliens. Such activities may depress wages, facilitate identity theft, give employers unfair advantages over legitimate U.S. businesses, and cause other harm to the financial system.

Credit unions and banks are advised to report suspicious activity and use enhanced due diligence. To learn more, please visit: https://www.fincen.gov/system/files/2026-06/FinCEN-Advisory-Non-Work-Authorized-Populations.pdf

This advisory supports Executive Order 14406, Restoring Integrity to America's Financial System.