Tackling Illicit Finance: Analyzing FinCEN’s New Geographic Targeting Order

Read Anti-money laundering Sanctions & Fines

Date: 11th Mar, 2025 Source: In-House Country: USA

Brief

On March 11, 2025, the Financial Crimes Enforcement Network (FinCEN) issued a Geographic Targeting Order (GTO) to combat money laundering and illicit activities by Mexico-based cartels. The GTO requires all money services businesses in 30 ZIP codes across California and Texas near the southwest border to file Currency Transaction Reports with FinCEN at a $200 threshold, starting 30 days after publication in the Federal Register.

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Tackling Illicit Finance: Analyzing FinCEN’s New Geographic Targeting Order

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