The United States Financial Crimes Enforcement Network (FinCEN), working with the Texas Department of Banking, held two informational webinars for money services businesses (MSBs), trade groups, state regulators, and law enforcement on the U.S. Southwest Border Geographic Targeting Order (GTO) and related Currency Transaction Report (CTR) filing instructions. The sessions focused on the risks posed by Mexico-based cartels and other criminal actors along the southwest border and on the GTO’s operational requirements. The order requires MSBs located in 30 ZIP codes across California and Texas to file CTRs with FinCEN for cash transactions between USD 200 and USD 10,000, and FinCEN pointed participants to the GTO text and related frequently asked questions, including Spanish translations.
Financial Crimes Enforcement Network 2025-04-09
United States Financial Crimes Enforcement Network holds FinCEN Exchange webinars on Southwest Border Geographic Targeting Order for money services businesses
The United States Financial Crimes Enforcement Network (FinCEN) and the Texas Department of Banking held webinars for money services businesses on the U.S. Southwest Border Geographic Targeting Order (GTO) and Currency Transaction Report (CTR) filing instructions. The sessions addressed risks from Mexico-based cartels and outlined GTO requirements for MSBs in 30 ZIP codes in California and Texas to file CTRs for cash transactions between USD 200 and USD 10,000. Participants were directed to the GTO text and FAQs, including Spanish translations.