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FinCEN Delays AML/CFT Rules for Investment Advisers

FinCEN has issued a final rule delaying the effective date of its Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) program and Suspicious Activity Report (SAR) filing requirements for registered investment advisers and exempt reporting advisers. The compliance deadline has been pushed back by two years.

FinCEN Geographic Targeting Order for Minnesota Financial Institutions

FinCEN has issued a Geographic Targeting Order (GTO) requiring banks and money transmitters in Hennepin and Ramsey Counties, Minnesota, to retain and report records of certain payments of $3,000 or more. This order is effective February 12, 2026, and aims to combat international money laundering of government benefits fraud proceeds.

FinCEN Geographic Targeting Order: Southwest Border Money Services Businesses

FinCEN has issued a Geographic Targeting Order (GTO) requiring certain money services businesses along the U.S. southwest border to report and retain records of currency transactions between $1,000 and $10,000. This order aims to combat illicit finance by drug cartels and other illicit actors.

Delay of AML/CTF Program and SAR Filing Requirements for Investment Advisers

The Financial Crimes Enforcement Network (FinCEN) is delaying the effective date for Anti-Money Laundering/Countering the Financing of Terrorism (AML/CTF) program and Suspicious Activity Report (SAR) filing requirements for registered investment advisers and exempt reporting advisers. The new effective date is January 1, 2028.

Geographic Targeting Order: Minnesota Financial Institutions Recordkeeping

The Financial Crimes Enforcement Network (FinCEN) has issued a Geographic Targeting Order (GTO) imposing specific recordkeeping and reporting requirements on certain financial institutions in Minnesota. This rule aims to combat illicit financial activities by enhancing transaction monitoring and reporting.

FinCEN Geographic Targeting Order for Southwest Border MSBs

The Financial Crimes Enforcement Network (FinCEN) has issued a Geographic Targeting Order (GTO) imposing recordkeeping and reporting requirements on certain Money Services Businesses (MSBs) along the U.S. Southwest border. This rule specifically targets transactions between $1,000 and $10,000.