The U.S. Department of the Treasury's Financial Crimes Enforcement Network reissued a Geographic Targeting Order to help law enforcement combat illicit activity and money laundering by Mexico-based cartels and other criminal actors along the southwest border.
The order subjects certain money services businesses—which provide financial services outside of a formal bank—to enhanced reporting requirements. Money services businesses must file Currency Transaction Reports with FinCEN for cash transactions between $1,000 and $10,000 occurring in specific ZIP codes in Bernalillo, Dona Ana, and San Juan counties in New Mexico, and Cameron, El Paso, Hidalgo, Maverick, and Webb counties in Texas.
The terms of the order are effective for 180 days after publication on the Federal Register.