Tag: southwest_border
-
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
-
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
-
FinCEN Report Flags Nearly $5 Billion in Suspected Human Smuggling Funds
A new FinCEN analysis reveals financial institutions identified nearly $5 billion linked to suspected human smuggling between 2023 and 2025, citing unverifiable relationships, migration route transactions, and excessive cash activity along the U.S. southwest border.
Politics and GovernmentLaw EnforcementBusinessFederal GovernmentLegalSocial IssuesEconomy FinCENHuman SmugglingFinancial CrimeBank Secrecy ActSouthwest BorderFinancial InstitutionsMoney LaunderingFinancial Crimes Enforcement Network
-
CBP Seizes Over 100 Million Fentanyl Doses Along Southwest Border in FY26
U.S. Customs and Border Protection has seized over 100 million lethal fentanyl doses along the southwest border in FY26, including a recent 10-pound seizure in San Diego. Officials credit a secure border for hindering drug traffickers and saving lives.
Politics and GovernmentLaw EnforcementFederal GovernmentSocial Issues FentanylDrug SeizureSouthwest BorderCBPDepartment of Homeland SecuritySan DiegoDrug TraffickingU.S. Department of Homeland Security
-
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