National Law Review12d
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 ...
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 ...
JD Supra16d
FinCEN requires several southwest counties to report cash transactions over $200
FinCEN issued a Geographic Targeting Order (GTO) to combat “illicit activities and money laundering of Mexico-based cartels” along ...
JD Supra21d
FinCEN’s Geographic Targeting Order Increases Reporting Obligations for Money Services Businesses Located Near the United States–Mexico Border
with FinCEN in connection with cash transactions between $200 and $10,000 and (ii) verify the identity of persons making such cash transactions. The GTO applies to MSBs as defined by federal law ...
Accounting Today9d
FinCEN rule would end BOI reporting for US companies
The interim final rule removes the requirement under the Corporate Transparency Act for U.S. companies and people to report ...
Map Shows Zip Codes Where $200 Transactions Could Trigger Federal Reporting
People transferring cash in California and Texas could be asked for personal information as part of a new Trump initiative to combat cartel money laundering.
The National Law Review17d
FinCEN Issues Geographic Targeting Order to Require Certain Money Services Businesses to File CTRs for Smaller Transactions
We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation ...
Taking $200 Out of an ATM Should Not Trigger Federal Financial Surveillance
FinCEN "issued a Geographic Targeting Order (GTO) to further combat the illicit activities ... The federal government first began requiring banks to log and report all cash transactions of $10,000 or ...
American Banker22d
FinCEN tightens rules for transactions near the southern border
The Financial Crimes Enforcement Network (FinCEN) will require money services businesses (MSBs) near the U.S.-Mexico border to report smaller cash transactions ... collection and processing that the ...
Forbes29d
FINCEN Calls A Much Needed Time Out For Beneficial Ownership Information Reporting While Congress Mulls Changes
We last visited ... to file the BOI report never made much sense in the first place. Take, for example, homeowner associations (HOAs). Since an HOA takes in very little cash in the first place ...
Reason19d
Taking $200 Out of an ATM Should Not Trigger Federal Financial Surveillance
To that end, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) announced a new rule cracking down on cash transactions ... a Geographic Targeting Order (GTO ...