Federal Register · Order (Geographic Targeting Order) FR Doc. 2026-16365 · Published

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

FinCEN's Geographic Targeting Order requires banks and money transmitters in Hennepin and Ramsey Counties, Minnesota to retain and report records of certain payments of $3,000 or more. It applies from August 11, 2026 through February 6, 2027 and is not directed at residential mortgage origination or servicing.

InformationalEffective Aug 11, 2026All checks passedRead the source ↗ (opens in a new tab)

Loan impact

From the source text · verified

Applies to: Banks and money transmitters with a branch, subsidiary, or office in Hennepin or Ramsey County, Minnesota, for certain international funds transfers; no residential mortgage loan terms are changed.

Effective
Aug 11, 2026
Applicability confidence
Verified: every row above is supported by the source text

What to do

AWACS interpretation · not source language

What to review: This order lists no mandatory changes and changes no residential mortgage loan terms, so a lender only needs to confirm whether it is a bank or money transmitter with a branch, subsidiary, or office in Hennepin or Ramsey County, Minnesota, since the order applies to those institutions for certain international funds transfers.

Source and record

Version 1 · archived

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  • Loan impact quotes verbatim
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  • Loan impact covers every required change
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  • Audience verbatim
  • Scope residential
  • Out of scope
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