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2.0

Treasury department to collect information on currency transactions along the southwestern border to combat "illicit finance" by cartels

  1. Original Date Announced

    March 14, 2025

    The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a Geographic Targeting Order (GTO) to combat "illicit finance" by Mexico-based cartels and criminal groups along the U.S.-Mexico border. The order requires money-services businesses in 7 counties across California and Texas to file Currency Transaction Reports for cash transactions over $200 and to include customers' identifying information in the report. This measure is designed to prevent criminal organizations from accessing the U.S. financial system. The order is effective starting April 14, 2025, and will expire in September 2025.

    Trump 2.0 [ID # 1679]

    2025.03.14 Dept. of Treasury - Issuance of a Geographic Targeting Order Imposing Additional Recordkeeping and Reporting Requirements on Certain Money Services Businesses Along the Southwest Border

  2. Effective Date

    April 14, 2025

  3. Subsequent Trump and Court Action(s)

    • March 24, 2025

      2025.03.24 Dept. of Treasury - FAQ on Geographic Targeting Order Along the Southwest Border

      FinCEN released FAQs on the Geographic Targeting Order (GTO) issued on March 14, 2025 which required certain money services businesses (MSBs) operating in the Southwest Border region (SWB) to report specific cash transactions. The SWB GTO FAQs clarify which MSBs are covered by this GTO, what types of transactions must be reported, and how to comply with the order. The FAQs also explain key definitions and exemptions, including how to handle aggregated transactions and customer identification. The FAQs are a resource for affected entities to understand and implement the reporting requirements correctly.

      View Document

Current Status

None

Original Trump Policy Status

Status: Final/Actual
Trump Administration Action: Agency Directive
Subject Matter: Border
Agencies Affected: Other

Documents

Trump-Era Policy Documents

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