Tag: currency_transaction_reports
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FinCEN Renews Order Targeting Illicit Cash Flows at Southwest Border MSBs
FinCEN renewed a GTO for southwest border MSBs, requiring reports on cash transactions of $1,000 or more. This targets drug cartels and illicit financial flows in New Mexico and Texas, effective September 3, 2026.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyLegalSocial IssuesFinancial Markets FinCENGeographic Targeting OrderMoney Services BusinessesSouthwest BorderDrug CartelsCurrency Transaction ReportsFinancial CrimeFinancial Crimes Enforcement Network
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Final Defendant Sentenced in $3 Million Morris Bank Fraud Conspiracy
The final defendant in a $3 million bank fraud conspiracy, James Kevin Meyers, was sentenced for filing false currency transaction reports. This concludes an FBI investigation involving Morris Bank, two other defendants, and significant restitution orders.
Law EnforcementBusinessPolitics and GovernmentLegalEconomyFederal GovernmentBankingGeneral Politics Bank FraudFinancial CrimeCurrency Transaction ReportsMorris BankJames Kevin MeyersRonnie AtkinsonGeorgiaFBI
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FinCEN Targets Southwest Border Money Laundering
FinCEN issues a Geographic Targeting Order for money services businesses in California and Texas to combat money laundering by Mexico-based cartels.
Politics and GovernmentBusinessWorldMexicoFederal GovernmentLaw EnforcementFinancial MarketsLegal FinCENGeographic Targeting Ordermoney launderingMexico-based cartelssouthwest borderCurrency Transaction ReportsScott Bessent