Geographic Targeting Order Imposing Recordkeeping and Reporting Requirements on Certain Money Services Businesses Along the Southwest Border

Published

Sep 4, 2026

Effective

Sep 3, 2026

Citation

91 FR 56776

Agencies

DEPARTMENT OF THE TREASURY, Financial Crimes Enforcement Network

Order.

Summary

The Financial Crimes Enforcement Network (FinCEN) of the U.S. Treasury is introducing a new rule that requires money‑services businesses operating near the U.S. southwest border to keep detailed records and file reports on cash transactions that fall between $1,000 and $10,000. The purpose of the rule is to improve the government’s ability to track potentially illegal money flows in a region that is often used for smuggling and other illicit activities. The order applies specifically to money‑services providers—such as check‑cashers, currency exchangers, and money‑transfer agents—located in the designated border area. These businesses must verify the identity of anyone conducting a qualifying cash transaction and retain the related paperwork for a set period, while also submitting the required reports to FinCEN. The regulation was published on September 4, 2026 and became effective the day before, on September 3, 2026. No public comment period is indicated, so the requirements take effect immediately. After the effective date, affected businesses must adjust their compliance procedures, train staff, and begin the new record‑keeping and reporting practices as mandated.

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