JD Supra8h
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 ...
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 ... See Issuance of a Geographic Targeting Order Imposing Additional Recordkeeping and Reporting Requirements ...
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.
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 ...
Reason20d
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 ...
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 ...
ATM Users in Texas, California Counties May Be Subject to Scrutiny
New restrictions mean certain businesses near the Mexican border will have to report cash transactions of $200 or over.
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.
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 ...