Story perspectives

FinCEN Urges MSBs to Report Suspicious Transfers Amid Security Threats

11/29/2025

27 4

Summary

Story summary

Financial Crimes Enforcement Network (FinCEN) issued a November 28, 2025 alert urging money services businesses (MSBs) to report suspicious cross-border transfers involving illegal aliens.
Under Secretary John K. Hurley emphasized vigilance due to threats to national security and public safety.
The alert notes most remittances are legitimate, but fraudsters exploit low-dollar transfers for illicit activities.
MSBs must file suspicious activity reports for transactions over $2,000 that may violate laws.

1 of 1

Story summary

Financial Crimes Enforcement Network (FinCEN) issued a November 28, 2025 alert urging money services businesses (MSBs) to report suspicious cross-border transfers involving illegal aliens.
Under Secretary John K. Hurley emphasized vigilance due to threats to national security and public safety.
The alert notes most remittances are legitimate, but fraudsters exploit low-dollar transfers for illicit activities.
MSBs must file suspicious activity reports for transactions over $2,000 that may violate laws.