The Minnesota Geographic Targeting Order On February 27, 2026, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an Exemptive Relief Order modifying certain compliance obligations under its recently implemented Geographic Targeting Order (GTO) affecting financial institutions in Minnesota. The Minnesota GTO, which became effective on February 12, 2026, imposes enhanced recordkeeping and reporting requirements on banks and money transmitters located in...

The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury, recently announced that it will postpone the compliance deadline for its much-anticipated Residential Real Estate Reporting Rule until March 1, 2026. This delay gives real estate professionals and related industries additional time to prepare for a sweeping new federal reporting requirement aimed at combating illicit finance activity in the U.S. housing market. What the Rule Covers The...

The Financial Crimes Enforcement Network (FinCEN) recently released its Financial Trend Analysis on Iranian Shadow Banking , revealing an intricate $9 billion global network of shell and front companies used by the Iranian regime to evade U.S. sanctions. While the report centers on national security and sanctions enforcement, its findings hold crucial lessons for American businesses, especially those engaged in cross-border finance, M&A, and tax-sensitive transactions. The Global Shadow...