Tag: money_services_businesses

FinCEN Renews Order Targeting Illicit Cash Flows at Southwest Border MSBs

4 Sep 2026 2:35 p.m. · Source: Financial Crimes Enforcement Network

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 Government Business Law Enforcement Federal Government Economy Legal Social Issues Financial Markets FinCEN Geographic Targeting Order Money Services Businesses Southwest Border Drug Cartels Currency Transaction Reports Financial Crime Financial Crimes Enforcement Network
FinCEN Reissues Order for MSB Transparency on Southwest Border

2 Sep 2026 2:27 p.m. · Source: Financial Crimes Enforcement Network

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 Government Business Law Enforcement Federal Government Economy Legal Financial Crimes Enforcement Network Geographic Targeting Order Money Services Businesses Southwest Border Money Laundering Mexico-based Cartels Financial Transparency