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Action required FinCEN Jul 31, 2026

FinCEN guidance on 314(b) information sharing for fraud applies to MSBs

On June 12, 2026, FinCEN issued guidance on using 314(b) information sharing to help financial institutions combat fraud. The release expressly includes Money Services Businesses among the covered institution types, and it remained one of the most recent MSB-relevant federal AML items in force during late July 2026.

On June 12, 2026, FinCEN issued guidance on using 314(b) information sharing to help financial institutions combat fraud. The release expressly includes Money Services Businesses among the covered institution types, and it remained one of the most recent MSB-relevant federal AML items in force during late July 2026.

What changed

FinCEN clarified how covered institutions, including MSBs, can use 314(b) information sharing for fraud-related purposes.

Compliance perspective

MSBs should review whether their 314(b) participation, internal procedures, training, and information-sharing controls are set up to use the guidance effectively. Firms that have limited 314(b) use to narrower AML cases may want to revisit fraud escalation and sharing workflows.

Key date

Effective date: June 12, 2026.

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