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FinCEN Issues Expanded Southwest Border Geographic Targeting Order

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued an expanded Geographic Targeting Order (GTO) to help law enforcement combat the illicit activities and money laundering of Mexico-based cartels and other criminal actors along the southwest border of the United States. The GTO subjects certain money services businesses—which provide financial services outside of a formal bank—to enhanced reporting requirements with FinCEN. This important tool ensures law enforcement has access to critical data and can act quickly as they investigate illicit activity.

Resources

• Press Release
• Copy of the GTO

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You are subscribed to FinCEN Updates. The information below is available at FinCEN.gov.

FinCEN Issues Frequently Asked Questions and Responses on Southwest Border Geographic Targeting Order

Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) published frequently asked questions and responses regarding its recently issued Geographic Targeting Order (GTO), aimed at further combating the illicit activities and money laundering of Mexico-based cartels and other criminal actors along the southwest border of the United States. The GTO subjects certain money services businesses—which provide financial services outside of a formal bank—to enhanced reporting requirements with FinCEN.

Resources
          • Frequently Asked Questions

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