THE FOLLOW UP
STATEMENT

FinCEN announced an operation targeting more than 100 U.S. money services businesses along the southwest border.

True

Evidence from credible sources supports the statement as accurate. Learn more in Methodology.

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enforcement

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Source summary
FinCEN announced a data-driven enforcement operation focused on more than 100 money services businesses (MSBs) along the southwest border, issuing six notices of investigation, dozens of IRS examination referrals, and over 50 compliance outreach letters. The operation used a review of over one million Currency Transaction Reports and 87,000 Suspicious Activity Reports and may lead to civil money penalties, injunctive actions, warning letters, or criminal referrals for Bank Secrecy Act violations. Treasury says the effort, led by Secretary Scott Bessent’s technology modernization push, is coordinated with the Homeland Security Task Force, the IRS, and other federal and state partners to counter cartel-related money laundering and protect national security.
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Latest fact check

FinCEN, the Treasury's Financial Crimes Enforcement Network, issued a press release on December 22, 2025 announcing a data-driven, multi-tiered border operation targeting more than 100 U.S. money services businesses (MSBs) operating along the southwest border. The release describes the scope and actions of the operation, including six notices of investigation, dozens of examination referrals to the IRS, and more than 50 compliance outreach letters aimed at enforcing AML/CFT regulations. These details confirm the claim that FinCEN announced an operation targeting more than 100 MSBs along the southwest border. Verdict: True — the primary sources explicitly state the scope and geography of the operation.

Sources

Timeline

  1. Update · Dec 23, 2025, 01:35 AMTrue
    FinCEN, the Treasury's Financial Crimes Enforcement Network, issued a press release on December 22, 2025 announcing a data-driven, multi-tiered border operation targeting more than 100 U.S. money services businesses (MSBs) operating along the southwest border. The release describes the scope and actions of the operation, including six notices of investigation, dozens of examination referrals to the IRS, and more than 50 compliance outreach letters aimed at enforcing AML/CFT regulations. These details confirm the claim that FinCEN announced an operation targeting more than 100 MSBs along the southwest border. Verdict: True — the primary sources explicitly state the scope and geography of the operation.
  2. Original article · Dec 22, 2025
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