On March 16, 2026, the White House issued a new executive order establishing the Task Force to Eliminate Fraud (Task Force), a government-wide initiative aimed at eliminating fraud across federal programs. While the Task Force is primarily focused on protecting public funds, its ripple effects will be felt well beyond government agencies, especially by Money […]
The Financial Crimes Enforcement Network issued a new Geographic Targeting Order (GTO) on March 7, 2026, that renews and expands U.S. southwest border prior reporting requirements for certain cash transactions conducted through money services businesses (MSBs). This latest order builds on the series of GTO updates we’ve covered previously and reflects the government’s ongoing effort […]
On July 18, 2025, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act was signed into law, marking the first comprehensive federal regulatory framework governing payment stablecoins in the United States. For anti-money laundering (AML)/combating the financing of terrorism (CFT) professionals, fintech executives, and compliance officers, the GENIUS Act is not just crypto […]
In today’s regulatory environment, financial institutions and money services businesses (MSBs) face increasing expectations around data integrity. This includes compliance, accuracy, and accountability. With the release of the new FinCEN Minnesota Geographic Targeting Order (GTO), in addition to previous GTOs, expectations for MSBs have become even more specific, not just in what they must detect, […]
Money Services Businesses (MSBs) are entering 2026 under continued regulatory pressure, from federal expectations around anti-money laundering/countering the financing of terrorism (AML/CFT) effectiveness and sanctions compliance to increasingly detailed state licensing, cybersecurity, and consumer protection requirements. Use this ten-step roadmap to prioritize renewals, updates, and internal reviews before regulators or your bank. 1. Core Business […]
