FinCEN reissued a Geographic Targeting Order (GTO) imposing enhanced reporting requirements on MSBs in designated areas along the U.S. southwest border.
What changed
The order requires Currency Transaction Reports for cash transactions between $1,000 and $10,000 within specific ZIP codes.
Compliance perspective
Covered MSBs must implement additional reporting protocols to comply with the GTO.
Need help keeping up with these changes?
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