FinCEN Issues Order Targeting Southwest Border Money Services Transactions
March 14, 2025
March 14, 2025
WASHINGTON, March 14 (TNSFR) -- The Financial Crimes Enforcement Network (FinCEN) has announced a new Geographic Targeting Order (GTO) that will impose additional reporting and recordkeeping requirements on certain money services businesses operating along the southwest border of the United States. Effective April 14, 2025, the order applies to transactions involving amounts between $200 and $10,000 and aims to curb illicit financial activity associated with drug cartels and other criminal enter . . .