2026-01-09 20:25:59

U.S. Treasury officials have zeroed in on four Money Service Businesses operating in the Minneapolis-St. Paul region. The move? Enhanced investigations into their potential involvement in the Minnesota Somali fraud scandal. It's a significant escalation in the government's crackdown on illicit financial activity. Financial intermediaries facilitating fraud schemes are now under the microscope—a reminder that regulatory scrutiny on MSBs and digital asset service providers continues to tighten.

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StableCoinKaren

· 01-09 20:55

Damn, they're starting to crack down on MSB again. Are they really serious this time?

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BearMarketSurvivor

· 01-09 20:55

Here we go again, MSB is under scrutiny again, this time it's Minnesota.

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Layer2Observer

· 01-09 20:50

Regulation is coming in strong this time, with four MSBs being targeted... From the source code perspective, this indicates that the compliance vulnerabilities of traditional financial infrastructure have been thoroughly exposed.

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MoonMathMagic

· 01-09 20:48

The matter in Minnesota... Really, these MSBs will be investigated sooner or later, there's no escaping it.

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PortfolioAlert

· 01-09 20:45

The Federal Reserve is starting to crack down again, this time targeting several money transfer businesses in Minneapolis... The blame for the Somalia scam case has been forcefully pinned on MSB, implying that financial intermediaries have to shoulder this black mark.

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EthSandwichHero