The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a Geographic Targeting Order (GTO) requiring money services businesses (MSBs) in 30 ZIP codes across California and Texas near the U.S. southwest border to file Currency Transaction Reports (CTRs) with FinCEN for cash transactions at a USD 200 threshold. The GTO is intended to counter money laundering and other illicit activity linked to Mexico-based cartels and other criminal actors, and applies across seven counties: Imperial and San Diego counties in California, and Cameron, El Paso, Hidalgo, Maverick, and Webb counties in Texas. Treasury also highlighted related Administration actions to designate eight organizations, including six major Mexico-based drug cartels, as Foreign Terrorist Organizations and Specially Designated Global Terrorists. The order becomes effective 30 days after publication in the Federal Register and remains effective for 179 days thereafter.
U.S. Department of the Treasury 2025-03-11
U.S. Department of the Treasury's FinCEN issues Southwest border geographic targeting order requiring MSBs to file currency transaction reports at USD 200
The U.S. Treasury's FinCEN issued a Geographic Targeting Order requiring money services businesses in 30 ZIP codes in California and Texas to file Currency Transaction Reports for cash transactions over USD 200. This measure targets money laundering and illicit activities linked to Mexico-based cartels. The order covers seven counties and is part of broader actions designating eight organizations, including six major Mexico-based drug cartels, as Foreign Terrorist Organizations and Specially Designated Global Terrorists.