JD Supra2d
FinCEN Issues GTO Imposing New Obligations on Southwest Border MSBs
On March 14, 2025, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued 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 ...
American Banker10d
FinCEN tightens rules for transactions near the southern border
A new order requires certain non-bank financial companies in certain ZIP codes to report transactions over $200, much lower than the previous $10,000 threshold.