On September 2, 2026, the Financial Crimes Enforcement Network (FinCEN) renewed its Southwest Border Geographic Targeting Order (GTO), but if you have been following the GTO since its original issuance in March 2025, you will immediately notice something different: California and Arizona are no longer included in the current GTO map. The reissuance continues enhanced […]
Money transmission compliance is evolving rapidly, and for money services businesses (MSBs), constant regulatory change has become a reality. Over the past several years, the industry has seen new federal requirements, Geographic Targeting Orders (GTOs), expanded AML/CFT expectations, digital asset legislation, new state licensing frameworks, and increased scrutiny from financial institutions. In 2026, another trend […]
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 […]
On May 19, 2026, the President of the United States of America, Donald J Trump, signed an Executive Order, “Restoring Integrity to America’s Financial System,” that expands customer due diligence expectations and enhances financial transparency requirements. While early discussions focused on whether financial institutions would be required to collect proof of citizenship from all customers, […]
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 […]
