What Exactly is Extreme Vetting and What are Its Implications for the Financial Sector?

President-elect Donald Trump once called for “extreme vetting” of immigrants. After he said it, no one agreed or disagreed. Instead, they asked, “What’s extreme vetting?” Trump’s definition of extreme vetting is more of a value test, which involves interviewing prospective immigrants on whether they agree with many American core belief systems, like religious freedom and…