FinCEN’s Southwest Border Geographic Targeting Order Faces Challenges in Texas and Southern California

Reported by Matthew T. Smith The Financial Crimes Enforcement Network (FinCEN) recently issued a Geographic Targeting Order (GTO), effective April 14, 2025, to fight money laundering tied to Mexican drug cartels. The GTO requires money services businesses (MSBs) in 30 ZIP codes across California and Texas to report cash transactions over $200 to FinCEN, a […]