Resource: FinCEN Rule - Issuance of a Geographic Targeting Order Imposing Additional Recordkeeping and Reporting Requirements on Certain Money Services Businesses Along the Southwest Border

By: U.S. Department of Treasury, Financial Crimes Enforcement Network

March 11, 2025

Federal Register

Requiring money services businesses located in specific ZIP codes near the southwest border to report and retain records of transactions in currency of more than $200, and to verify the identity of persons presenting such transactions, to further the purpose of combating illicit finance by drug cartels and other illicit actors.

https://www.federalregister.gov/documents/2025/03/14/2025-04099/issuance-of-a-geographic-targeting-order-imposing-additional-recordkeeping-and-reporting