FinCEN reissued the Geographic Targeting Order (GTO) placing enhanced recordkeeping and reporting requirements on certain MSBs located along the U.S. southwest border.
What changed
MSBs must adhere to heightened reporting requirements to help combat illicit finance linked to cartels.
Compliance perspective
MSBs operating in the affected areas must update their compliance programs to ensure compliance with the new requirements.
Key date
Effective date: September 2, 2026.
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