Rule
10 Sep 2025
treasury department, compliance, money services business, geographic targeting order, southwest border, financial regulations
💵New Reporting Requirements for Money Services Businesses Along Southwest Border
FinCEN is issuing this Geographic Targeting Order, requiring certain money services businesses along the southwest border of the United States to report and retain records of transactions in currency of $1,000 or more, but not more than $10,000, and to verify the identity of persons presenting such transactions. This Order follows a previously issued Geographic Targeting Order, which required reporting of transactions in currency of more than $200, but not more than $10,000.
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