# 2026-16365: Feds Order MN Banks to Snitch on $3K+ Cash Moves

2026-16365, Geographic Targeting Order Imposing Recordkeeping and Reporting Requirements on Certain Financial Institutions in Minnesota, is a Federal Register rule from Treasury Department, Financial Crimes Enforcement Network published 2026-08-11, effective 2026-08-11; PRIA reads it as touching household money (as of 2026-08-18).

- Canonical: https://policyrisk.com/federal-register/2026-16365
- As of: 2026-08-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-16365
- Title: Geographic Targeting Order Imposing Recordkeeping and Reporting Requirements on Certain Financial Institutions in Minnesota
- Type: Rule
- Agencies: Treasury Department; Financial Crimes Enforcement Network
- Citation: 91 FR 51588
- Published: 2026-08-11
- Effective: 2026-08-11
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-08-18

## In one line

Feds Order MN Banks to Snitch on $3K+ Cash Moves

## Summary

FinCEN is issuing this Geographic Targeting Order, requiring banks and money transmitters located in the Counties of Hennepin and Ramsey, Minnesota to retain and report records of certain payments of $3,000 or more.

## Effects PRIA read

- Banks/Money Transmitters Must Report $3,000+: cost, medium. If you operate a bank or money-transmitter branch in Hennepin County or Ramsey County, Minnesota, you must retain and report records of certain payments of $3,000 or more. This Order is effective August 11, 2026 and runs through February 6, 2027.
- Which Transfers Are Covered: cost, medium. The Order covers funds transfers where the originator/transmittor gives an address in Hennepin or Ramsey County, the originator/transmittor is not publicly traded and not a financial institution subject to BSA anti-money-laundering program rules, and the beneficiary or the beneficiary's bank is loc…
- Specific Data Fields Required: cost, medium. Covered banks and money transmitters must report specified data about covered transactions, including originator/account numbers, beneficiary/recipient name, address, date of birth, phone, email, account numbers, and whether funds include federal, state, or local government contract or benefit paym…
- How and When to File Reports: cost, medium. Covered Businesses must file reports to FinCEN through the Financial Industry (FI) Portal using Login.gov access, select "Special Measures" and enter file code FIN-65547-X3M6T, submit CSV files that follow the Minnesota Fraud GTO template, and submit reports by the end of the month following the mo…
- Record Retention and Noncompliance Risk: cost, medium. Covered Businesses must retain all reports and related compliance records for five years from the last day the Order is effective and store them to be accessible on request by FinCEN or law enforcement. The Order states that willful violations may result in civil or criminal penalties without limit…

## Related documents

- [2026-20430](https://policyrisk.com/federal-register/2026-20430): Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets; Withdrawal, 2026-10-06
- [2026-20429](https://policyrisk.com/federal-register/2026-20429): Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class of Transactions of Primary Money Laundering Concern;…, 2026-10-06
- [2026-16576](https://policyrisk.com/federal-register/2026-16576): Beneficial Ownership Information Reporting Requirement Revision, 2026-08-14
- [2025-05199](https://policyrisk.com/federal-register/2025-05199): Beneficial Ownership Information Reporting Requirement Revision and Deadline Extension, 2025-03-26
- [2026-20371](https://policyrisk.com/federal-register/2026-20371): Proposal of Special Measure Prohibiting the Transmittal of Funds Regarding Transactions Involving the A7 Network's Sub-Agents, 2026-10-05
- [2026-18194](https://policyrisk.com/federal-register/2026-18194): Geographic Targeting Order Imposing Recordkeeping and Reporting Requirements on Certain Money Services Businesses Along the Southwest Border, 2026-09-04

## Sources
- [2026-16365 on federalregister.gov](https://www.federalregister.gov/documents/2026/08/11/2026-16365/geographic-targeting-order-imposing-recordkeeping-and-reporting-requirements-on-certain-financial)
- [2026-16365 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-08-11/pdf/2026-16365.pdf)

## Related
- [Previous: 2026-16359, Danger Zone: Pacific Ocean at Marine Corps Base Hawaii, Kaneohe Bay, Island of…](https://policyrisk.com/federal-register/2026-16359)
- [Next: 2026-16370, Reforms to 13 CFR 124.103 To Remove SBA's 8(a) Program's Rebuttable Presumption…](https://policyrisk.com/federal-register/2026-16370)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-16365 (as of 2026-08-18).