U.S. Treasury Issues Geographic Targeting Order Requiring Recordkeeping and Reporting by Certain Financial Institutions in Minnesota

The U.S. Treasury Department’s Financial Crimes Enforcement Network has renewed a Geographic Targeting Order requiring certain banks and money transmitters in Hennepin and Ramsey counties, Minnesota, to report qualifying international funds transfers of $3,000 or more. Mehaniq/Shutterstock

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a Geographic Targeting Order (GTO) imposing new recordkeeping and reporting requirements on certain financial institutions operating in Minnesota, according to an official announcement published in the Federal Register on August 11, 2026.

FinCEN Targets Certain Minnesota Financial Transactions