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FinCEN targets southwest border MSBs to combat drug cartel money laundering

Image of the southern border of the US with cargo bins (serving as a barrier) near a waterway.
Cargo bins form a barrier on the southern US border. Photo: John Moore/Getty Images

Julie DiMauro

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Designation of these cartels is designed to help cut off access by entities associated with the groups to the US financial system.

The illicit activities and money laundering of Mexico-based drug cartels and other criminal actors along the southwest border of the US have been targeted in a fresh initiative.

The US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a Geographic Targeting Order (GTO) requiring all money

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