FinCEN’s Southwest Border Geographic Targeting Order Faces Challenges in Texas and Southern California
By EsqSocial Corporation 29/04/25
In March, we wrote about the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) issuing a Geographic Targeting Order (GTO) aimed to combat Mexican-based drug cartels. The GTO signals Treasury’s efforts to combat cartel activity by requiring heightened anti-money laundering reporting for money services business (MSBs) along the southwest border....
By: Ballard Spahr LLP