FinCEN alerts FIs, especially MSBs to heighten vigilance over cross-border transfers that may involve individuals without lawful U.S. status and potentially conceal illicitly obtained funds

The alert reminds firms of their obligation to file Suspicious Activity Reports for any transaction of $2,000 or more when illicit activity is suspected and instructs them to reference the term “FIN-2025-Alert003” in relevant SARs. Issued in line with Executive Order 14159, the alert forms part of broader U.S. efforts to combat the exploitation of the financial system, noting that while most remittances are legitimate…