JD Supra22d
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 ...
JD Supra1d
FinCEN Narrows Focus on Southwest Border
In the last few weeks, the Financial Crimes Enforcement Network (FinCEN) has circulated several instructions focusing on money services ...
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.
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 ...
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 ...
American Banker23d
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 ...
The New York Sun15d
Border Residents Face New Financial Scrutiny, With $200 Transactions To Be Flagged and Reported as Possible Money Laundering
The Treasury Department lowers the reporting threshold for cash transactions in Texas and California counties to combat cartel activity.
National Law Review13d
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 ...
Accounting Today11d
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 ...
Reason21d
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 ...