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STATEMENT

FinCEN issued four investigation notices to Minnesota money services businesses

True

Evidence from credible sources supports the statement as accurate. Learn more in Methodology.

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enforcement

FinCEN has issued four notices of investigation to specified Minnesota money services businesses requesting information under the Bank Secrecy Act (publicly documented by FinCEN).

Source summary
The U.S. Treasury announced a set of actions aimed at combating large-scale government benefits fraud in Minnesota, which the department says has cost taxpayers billions. Measures include FinCEN investigations of money services businesses, a Geographic Targeting Order requiring banks and money transmitters in Hennepin and Ramsey counties to report certain foreign transfers over $3,000, a FinCEN alert about at least $300 million stolen from child nutrition programs, IRS audits and an upcoming task force, and training for local law enforcement on financial-data use.
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Latest fact check

The U.S. Department of the Treasury’s January 9, 2026 press release explicitly states that the Financial Crimes Enforcement Network (FinCEN) "has issued four notices of investigation to money services businesses located in Minnesota, requesting information from these businesses…for examination and investigative purposes under the Bank Secrecy Act." This is an official statement from Treasury describing current FinCEN actions, and no credible source contradicts it. The wording in the claim is a concise restatement of the release, preserving all key factual elements: four notices, money services businesses in Minnesota, and information requested under the Bank Secrecy Act.

Verdict: True, because the claim directly matches the official Treasury description of FinCEN’s enforcement action and is supported by primary government documentation.

Sources

Timeline

  1. Update · Jan 09, 2026, 10:44 PMTrue
    The U.S. Department of the Treasury’s January 9, 2026 press release explicitly states that the Financial Crimes Enforcement Network (FinCEN) "has issued four notices of investigation to money services businesses located in Minnesota, requesting information from these businesses…for examination and investigative purposes under the Bank Secrecy Act." This is an official statement from Treasury describing current FinCEN actions, and no credible source contradicts it. The wording in the claim is a concise restatement of the release, preserving all key factual elements: four notices, money services businesses in Minnesota, and information requested under the Bank Secrecy Act. Verdict: True, because the claim directly matches the official Treasury description of FinCEN’s enforcement action and is supported by primary government documentation.
  2. Original article · Jan 09, 2026
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