Money services in some California and Texas areas required to do additional reporting under new order

Money services in some California and Texas areas required to do additional reporting under new order

SAN DIEGO (FOX 5/KUSI) -- All money services businesses in 30 ZIP codes across California and Texas, including seven in San Diego County, are now required to report transactions of at least $200 under a recent federal order. The geographic targeting order (GTO) was issued by the Financial Crimes Enforcement Network (FinCEN) under the U.S. Department of the Treasury, and officially went into effect on Monday. Federal judge sides with Trump a…

Some Texas and California Counties Now Have $200 Threshold for FinCEN Reporting

Although cash transactions over $10,000 have long been reported under current law, now many transactions of as little as $200 will have to be reported in 30 ZIP Codes along the border with Mexico.