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Minnesota GTO Renewed: The Phase of Federal AML/CFT Enforcement

Minnesota GTO Renewed: The Phase of Federal AML/CFT Enforcement

Posted on: August 24th, 2026

On August 7, 2026, the Financial Crimes Enforcement Network (FinCEN) renewed the Minnesota Geographical Targeting Order (GTO) for another 180 days, extending one of the most closely watched GTOs affecting money services businesses (MSBs) operating in Hennepin and Ramsey Counties. The Minnesota GTO renewal continues to reinforce a broader shift in federal AML/CFT enforcement: regulators […]

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BOI Reporting May Be Gone for Some Businesses. AML Obligations Are Not.

BOI Reporting May Be Gone for Some Businesses. AML Obligations Are Not.

Posted on: August 18th, 2026

On August 11, 2026, the Financial Crimes Enforcement Network (FinCEN) finalized a rule that exempts U.S. companies and U.S. persons from the federal Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA). For Money Services Businesses (MSBs), there is an important distinction to understand;  this new rule does not change any AML […]

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