A geographic targeting order (GTO) requiring money services businesses (MSBs) along the Southwest Border to file additional currency transaction reports (CTRs) was renewed and accompanied by updates to frequently asked questions.
The order, issued by Treasury’s Financial Crimes Enforcement Network (FinCEN), was first issued in March and renewed effective Thursday, FinCEN said. The order requires MSBs located in certain ZIP codes in New Mexico and Texas near the U.S. southwest border to report cash transactions involving from $1,000 to $10,000 on CTRs.
FinCEN said the terms of the renewed GTO are effective Sept. 3, 2026, through March 1, 2027, but it said MSBs that weren’t required to report under the March order but are now have until Oct. 3, 2026, to comply with the revised order. It said the filing deadline for all reports filed under the revised GTO is 30 days after the date on which the transaction takes place, instead of the usual 15 days for CTRs.
The order was published in Friday’s Federal Register.
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