Treasury Department Takes Action on MSB Compliance: Geographic Targeting Order Issued



The U.S. Treasury Department has issued a Geographic Targeting Order for the Minneapolis–St. Paul region following reports of funds transferred to overseas accounts. The Financial Crimes Enforcement Network (FinCEN) is now implementing enhanced monitoring protocols for Money Service Businesses operating in this area.

This enforcement action signals increased scrutiny on cross-border transaction flows and AML/CFT compliance requirements for MSBs. Financial service providers handling remittances and cryptocurrency transactions should review their due diligence procedures and reporting obligations to ensure full alignment with FinCEN directives.

The order underscores regulators' commitment to strengthening monitoring frameworks and reducing vulnerability to illicit financial activity.
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ProposalDetectivevip
· 11h ago
Here we go again, the double-spend problem hasn't been solved yet, and now you're starting to focus on MSB?
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StableBoivip
· 11h ago
Regulation is coming again, and MSBs need to be nervous... This time targeting Minneapolis. Where will it be next?
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CoffeeNFTradervip
· 11h ago
Here we go again, regulatory authorities are targeting a certain region... Twin Cities are really unlucky this time.
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0xTherapistvip
· 11h ago
Starting to keep an eye on MSB again... Will the crypto sector also become stricter next year?
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BearMarketBuildervip
· 11h ago
They're watching us again. Minnesota is truly locked down this time.
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RektButStillHerevip
· 12h ago
Here we go again, US regulators are starting to impose geographic restrictions... How did Minnesota get targeted again this time?
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