FinCEN Issues GTO Imposing Additional Reporting Requirements Along the Southwest Border — Compliance Cohort

FinCEN Issues GTO Imposing Additional Reporting Requirements Along the Southwest Border

Adam Witmer
Regulatory Update, BSA

On March 11, 2025, FinCEN issued a notice of a Geographic Targeting Order requiring certain money services businesses along the southwest border of the United States to report and retain records of transactions in currency of more than $200 but not more than $10,000, and to verify the identity of persons presenting such transactions. The order will take effect starting April 14, 2025 and ends on September 9, 2025.

Covered Geographic Area includes the following seven counties in California and Texas:

  • Imperial County, California: 92231, 92249, 92281, and 92283;

  • San Diego County, California: 91910, 92101, 92113, 92117, 92126, 92154, and 92173;

  • Cameron County, Texas: 78520 and 78521;

  • El Paso County, Texas: 79901, 79902, 79903, 79905, 79907, and 79935;

  • Hidalgo County, Texas: 78503, 78557, 78572, 78577, and 78596;

  • Maverick County, Texas: 78852; and

  • Webb County, Texas: 78040, 78041, 78043, 78045, and 78046.

The Order can be found here.

Adam Witmer
Regulatory Update, BSA
Adam Witmer

Adam Witmer is a speaker, author, and founder of the Compliance Cohort. Adam has taught hundreds of seminars and training sessions to thousands of bankers throughout the United States and teaches on all areas of regulatory compliance. Adam has written five e-books that he never published, hit a grizzly bear while driving in a National Park, and is an award winning photographer and musician (though he no longer takes photos nor plays any instruments). In his spare time, Adam can be found kayaking on the lake, doing taekwondo with his kids, working on his (project) house, or spending time with his family.

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