Treasury Secretary Scott Bessent in the Oval Office of the White House on Nov. 21, 2025. AP Photo/Evan Vucci
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 the United States’ financial system.
The operation, announced on Dec. 22 by the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), focuses on examining money services businesses (MSBs) operating along the southwest border for potential noncompliance with rules meant to detect money laundering and disrupt illicit finance.
