Treasury Targets Money Services Businesses in Crackdown on Cartel Money Flows

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