Federal Register · Geographic Targeting Order FR Doc. 2026-00449 · Published

FinCEN Geographic Targeting Order on Funds Transfers by Banks and Money Transmitters in Hennepin and Ramsey Counties, MN

Banks and money transmitters with a branch, subsidiary or office in Hennepin or Ramsey County, Minnesota must report and retain records of certain funds transfers to beneficiaries outside the U.S. under a FinCEN order running February 12, 2026 to August 10, 2026. The order targets money laundering of government benefits fraud proceeds and does not address residential mortgage lending or servicing.

InformationalEffective Feb 12, 2026All checks passedRead the order ↗ (opens in a new tab)

Loan impact

From the order text · verified

Applies to: Banks and money transmitters with a branch, subsidiary or office in Hennepin County or Ramsey County, Minnesota, for covered funds transfers to beneficiaries outside the United States; not specific to residential mortgage loans.

Effective
Feb 12, 2026
Applicability confidence
Verified: every row above is supported by the source text

What to do

AWACS interpretation · not source language

What to review: No change in this record is marked mandatory, so no lender action is required. It is informational: the order applies to banks and money transmitters with a branch, subsidiary or office in Hennepin or Ramsey County, Minnesota, for covered funds transfers to beneficiaries outside the United States, and it is not specific to residential mortgage loans.

Source and record

Version 1 · archived

Checks passed

  • Schema valid
  • Effective quotes verbatim
  • Document ID appears in the source
  • Doc id matches catalog
  • Mandatory status is backed by requirement language
  • Mandatory entries have requirement language
  • Published on present
  • Title summary length
  • Controlled vocabulary
  • No placeholder tokens
  • Source link resolves
  • Loan impact quotes verbatim
  • Loan impact vocabulary
  • Changes quoted
  • Impact type consistent
  • Every required change is backed by obligation language
  • Only new or tightened changes are marked required
  • Loan impact covers every required change
  • Quotes are complete sentences
  • Unflagged must
  • Diff complete
  • Mandatory date resolved
  • Audience verbatim
  • Scope residential
  • Out of scope
  • Published in window
  • Interpretation schema valid
  • Interpretation separate