THE FOLLOW UP
STATEMENT

FinCEN will continue the operation and pursue civil money penalties, civil injunctive actions, warning letters, and referrals for willful Bank Secrecy Act violations.

True

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

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enforcement

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Source summary
FinCEN announced a data-driven enforcement operation focused on more than 100 money services businesses (MSBs) along the southwest border, issuing six notices of investigation, dozens of IRS examination referrals, and over 50 compliance outreach letters. The operation used a review of over one million Currency Transaction Reports and 87,000 Suspicious Activity Reports and may lead to civil money penalties, injunctive actions, warning letters, or criminal referrals for Bank Secrecy Act violations. Treasury says the effort, led by Secretary Scott Bessent’s technology modernization push, is coordinated with the Homeland Security Task Force, the IRS, and other federal and state partners to counter cartel-related money laundering and protect national security.
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Latest fact check

According to the December 22, 2025 Treasury press release, FinCEN will continue the operation and, where appropriate, seek civil money penalties, pursue civil injunctive actions, issue warning letters, and refer willful Bank Secrecy Act violations to criminal authorities. FinCEN's Enforcement Actions page corroborates that BSA remedies include civil penalties and injunctive relief, with recent actions such as the Paxful case illustrating these tools in use. Verdict: True; The claim is supported by primary sources that describe ongoing enforcement and the listed remedy avenues.

Sources

Timeline

  1. Update · Dec 23, 2025, 06:13 PMTrue
    According to the December 22, 2025 Treasury press release, FinCEN will continue the operation and, where appropriate, seek civil money penalties, pursue civil injunctive actions, issue warning letters, and refer willful Bank Secrecy Act violations to criminal authorities. FinCEN's Enforcement Actions page corroborates that BSA remedies include civil penalties and injunctive relief, with recent actions such as the Paxful case illustrating these tools in use. Verdict: True; The claim is supported by primary sources that describe ongoing enforcement and the listed remedy avenues.
  2. Update · Dec 23, 2025, 04:20 PMTrue
    FinCEN's December 22, 2025 press release announces an ongoing data‑driven operation targeting U.S. money services businesses along the southwest border, noting actions such as six notices of investigation, IRS examination referrals, and dozens of compliance outreach letters. It explicitly states that the operation is ongoing and that FinCEN will follow the facts and, where appropriate, seek civil money penalties, civil injunctive actions, warning letters, and referrals to criminal authorities for willful Bank Secrecy Act violations. The Paxful Consent Order (FinCEN, December 8, 2025) demonstrates FinCEN's authority to impose civil penalties and to refer willful violations for criminal action. FinCEN’s Enforcement Actions page confirms that penalties, including civil money penalties, are among the remedies FinCEN may pursue for Bank Secrecy Act violations.
  3. Original article · Dec 22, 2025
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