Anti-Financial Crime & Financial Crime Compliance
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MEXICO CARTELS: New FinCEN alert forces California and Texas money service businesses (MSBs) to notify all cash transactions from $200

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By PAUL O’DONOGHUE, Senior Correspondent

FINCEN, the U.S. Treasury’s AML unit, has ordered financial firms in certain areas near the U.S.-Mexico border to report all cash transactions over $200.

The agency issued a new Geographic Targeting Order (GTO) aimed at disrupting cartel operations.

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NEWS: EU to complete action plan against digital fraud ‘before the summer’

 Premium

NEWS: SEC enforcement director Margaret Ryan suddenly resigns after 6 months

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NEWS: TradeStation Securities to pay OFAC $1.1m over apparent sanctions breaches

Regulatory Watch News

  • Turning partnership into action: OLAF meets African counterparts to strengthen cooperation against fraud and illicit trade

    OLAF

    The European Anti-Fraud Office (OLAF) hosted the African-European Investigation Forum, held on 17–18 March 2026 in Brussels, bringing together around 80 representatives of investigative, control and anti-corruption authorities from across Africa to discuss best practices and exchange operational experience.  Participants from 29 African countries met with experts from OLAF to strengthen cooperation in the fight against fraud affecting public funds and against illicit trade. By bringing together partners from different regions and institutions, the forum provided a platform to reinforce trust and develop direct contacts that are essential for fast and effective cooperation in complex cross-border cases.

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  • Scam alert related to banks

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    The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to the press releases issued by the banks listed below relating to fraudulent websites, internet banking login screens, phishing emails or other scams, which have been reported to the HKMA.  Hyperlinks to the press releases are available on the HKMA website.  

           Bank        Type of Scam
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