JD Supra20d
FinCEN Geographic Targeting Order Imposes Additional Recordkeeping and Reporting Requirements
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) on March 11, 2025, issued a Geographic Targeting Order (the Southwest GTO) to combat the illicit activities and ...
JD Supra17d
FinCEN Issues Southwest Border Geographic Targeting Order Aimed to Combat Mexican-based Drug Cartels
We have written previously about the new administration’s significant shifts in its approach to criminal enforcement and prosecution of ...
The National Law Review18d
FinCEN Issues Geographic Targeting Order to Require Certain Money Services Businesses to File CTRs for Smaller Transactions
Under certain state laws, the following statements may be required on this website and we have included them in order to be in full compliance with these rules. The choice of a lawyer or other ...
New Trump Financial Reporting Rule Aims To Capture Cash Transactions As Low As $200
The Trump administration is seeking more information about your financial transactions—but only if you live in one of 30 ZIP ...
kfoxtv19d
Federal government targets cash transactions over $200 in border areas
The new Geographic Targeting Order (GTO) issued by the Treasury Department will require businesses that fulfill money orders and cash checks to report any transaction over $200 to the Treasury’s ...
National Law Review14d
Effective April 14: FinCEN GTO Requires MSBs Along US Southwest Border to Report Transactions in Currency of More than $200
Although dollar thresholds for Suspicious Activity Report requirements remain the same (i.e., as low as $2,000), 2 FinCEN ...
‘Financial surveillance’ concerns arise from U.S. Treasury order issued to catch cartel activity
The U.S. government is casting a net across 30 ZIP codes in California and Texas to catch cash transactions connected to Mexican cartels. The Department of the Treasury’s Financial Crimes ...