Regulatory Alerts2025-11-28 | FIN-2025-Alert003Added
FinCEN Alert on Cross-Border Funds Transfers Involving Illegal Aliens (FIN-2025-Alert003)
Money services businesses are urged to be vigilant in detecting, identifying, and reporting suspicious activity connected to cross-border funds transfers involving individuals without legal status in the United States. Financial institutions should file Suspicious Activity Reports for transactions involving at least $2,000 that involve funds derived from unlawful employment or illicitly obtained by illegal aliens. To support these filings, MSBs must reference the key term “FIN-2025-Alert003” in SAR field 2 and the narrative.