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 […]
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 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 […]
On June 12, 2026, the Financial Crimes Enforcement Network (FinCEN) issued updated guidance clarifying how financial institutions, including money services businesses (MSBs), may use Section 314(b) of the USA PATRIOT Act to share information about suspected fraud. While many institutions have historically associated 314(b) information sharing with money laundering and terrorist financing investigations, FinCEN’s latest […]
The Final Rule Signals Bigger Changes Ahead On August 28, 2024, the Financial Crimes Enforcement Network (FinCEN) issued a final rule that formally integrates countering the financing of terrorism (CFT) into the required anti-money laundering (AML) programs for certain investment advisers. While money services businesses (MSBs) are not directly affected by this rule, the move […]
