FinCEN GTO Affects Texas MSBs

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a Geographic Targeting Order (GTO) to address money laundering along the southwest border of the United States. The GTO requires all money services businesses (MSBs) located in 30 ZIP codes across California and Texas near the southwest border to file Currency Transaction Reports with FinCEN at a $200 threshold, in connection with cash transactions.

The order covers the following ZIP codes across seven counties in California and Texas:

• Imperial County, California: 92231, 92249, 92281, 92283
• San Diego County, California: 91910, 92101, 92113, 92117, 92126, 92154, 92173
• Cameron County, Texas: 78520, 78521
• El Paso County, Texas: 79901, 79902, 79903, 79905, 79907, 79935
• Hidalgo County, Texas: 78503, 78557, 78572, 78577, 78596
• Maverick County, Texas: 78852
• Webb County, Texas: 78040, 78041, 78043, 78045, 78046

Click Read More below for the complete press release from FinCEN.