Within the past two months, three states have adopted the Money Transmission Modernization Act (MTMA). The governors of Virginia, Mississippi, and most recently Colorado, signed bills that implement the MTMA, and two other...more
5/13/2025
/ Cryptocurrency ,
Digital Assets ,
Financial Services Industry ,
FinTech ,
Money Transmitter ,
New Legislation ,
Payment Systems ,
Regulatory Reform ,
Regulatory Requirements ,
State Legislatures ,
Virtual Currency
On 11 March 2025, the Financial Crimes Enforcement Network (FinCEN) issued a Geographic Targeting Order (GTO) to require money services businesses (MSBs) located in specified zip codes of California and Texas to file currency...more
3/20/2025
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Compliance ,
Financial Crimes ,
Financial Institutions ,
FinCEN ,
Geographic Targeting Order ,
Money Services Business ,
Regulatory Requirements ,
Reporting Requirements ,
Suspicious Activity Reports (SARs)