Finanse publiczne · 14/03/2025

FinCEN Issues Order Requiring Additional Recordkeeping and Reporting for Southwest Border Money Services Businesses

The Financial Crimes Enforcement Network (FinCEN) is issuing a Geographic Targeting Order, which mandates certain money services businesses operating along the US southwest border to maintain records of transactions exceeding $200 but not exceeding $10,000, and to verify the identity of individuals presenting such transactions.