Skip to Primary Navigation

Skip to main content

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

1 min read
 Click to share on Facebook (Opens in new window/tab) Click to share on Twitter (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

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

, , , , , , ,

Get full access, free for a month

Start your 28-day free trial to continue reading and access
all content on GRIP – no payment details required.

Start free trial Sign in

What’s included:

  • Every new article, plus our 5,000+ archive
  • Daily regulatory insight and guidance
  • Exclusive interviews and in-depth analysis
  • Coverage of industry-leading events and conferences
  • All podcasts and videos, featuring industry experts
  • The full set of Rules Navigator tools
  • An ad-free experience