Tag: geographic_targeting_order
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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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FinCEN Reissues Order for MSB Transparency on Southwest Border
FinCEN has reissued a Geographic Targeting Order, requiring money services businesses along the U.S. southwest border to report cash transactions between $1,000 and $10,000 in specific counties. This measure aims to combat illicit activity and money laundering by Mexico-based cartels.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyLegal Financial Crimes Enforcement NetworkGeographic Targeting OrderMoney Services BusinessesSouthwest BorderMoney LaunderingMexico-based CartelsFinancial Transparency
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FinCEN Renews Minnesota Fraud Targeting Order to Combat Billions in Diverted Funds
FinCEN has renewed its Geographic Targeting Order in Minnesota to combat extensive fraud schemes. This measure aims to protect taxpayers by identifying and recovering billions in state and federal funds fraudulently diverted, including money laundered overseas.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentState GovernmentsEconomyLegal FinCENMinnesotaGeographic Targeting OrderFraudMoney LaunderingTaxpayersGovernment BenefitsFinancial Crimes Enforcement Network
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Treasury Renews Order to Combat Minnesota Fraud, Target Overseas Money Laundering
FinCEN renewed its Geographic Targeting Order in Minnesota to combat extensive fraud diverting billions in state and federal aid. The order requires enhanced reporting on international money transfers over $3,000 from Hennepin and Ramsey Counties, aiming to recover taxpayer dollars…
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyBankingLegal FinCENGeographic Targeting OrderMinnesotaFraudMoney LaunderingUS TreasuryGovernment Benefits
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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