FinCEN Publishes FAQs on the Southwest Border GTO — Compliance Cohort

FinCEN Publishes FAQs on the Southwest Border GTO

Adam Witmer
Regulatory Update, BSA

On March 24, 2025, FinCEN issued a set of Frequently Asked Questions for the Geographic Targeting Order involving certain money services businesses in California and Texas on the Southwest Border. This is in relation to the March 11 GTO requiring all money services businesses located in 30 ZIP Codes across California and Texas to file additional Currency Transaction Reports (CTRs) with FinCEN for transactions above $200 but not more than $10,000.

According to FinCEN, the 19 FAQs aim to assist Covered Businesses in complying with the GTO. FinCEN clarified that the FAQs are applicable only to the March 11 GTO and should not be construed to apply to any other FinCEN regulation or order, including other GTOs.

The FAQs 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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