The Treasury Department has announced a wide-scale enforcement operation targeting more than 100 money services businesses operating along the U.S.–Mexico border, as part of the Trump administration’s campaign to disrupt cartel money laundering through America’s financial system.
The operation, announced on Dec. 22 by the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), focuses on examining money services businesses, or MSBs, operating along the southwest border for potential noncompliance with rules meant to detect money laundering and disrupt illicit finance.
It’s part of the Trump administration’s ongoing efforts to combat cartels and other transnational criminal networks whose actions harm U.S. communities and threaten national security….