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Treasury Cracks Down on Border Money Services
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The U.S. Department of the Treasury launches a major enforcement operation targeting over one hundred money services businesses along the southwest border, aiming to disrupt cartel financial networks and enhance border security. The operation, led by FinCEN, involves issuing notices of investigation, examination referrals, and compliance outreach letters. The review may result in civil penalties, injunctions, warning letters, or criminal referrals for serious violations. The operation builds on a previous action against the Hysa crime group linked to the Sinaloa Cartel, demonstrating increased U.S.-Mexico cooperation to curb cartel cash flows.
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