Start date for FinCEN Texas border crossing Geographically Targeted Order

FinCEN has announced that a Geographic Targeting Order (GTO) currently in place for armored cars and other common carriers of currency at two border crossings in Southern California has been renewed and a new, similar, GTO applicable to carriers crossing the border at eight major ports of entry in Texas has been issued. The reporting and recordkeeping requirements are designed to enhance the transparency of cross-border money movements and prevent the attempted exploitation of reporting exemptions by some carriers suspected of moving dirty cash for Mexican drug trafficking organizations. The California GTO extends it current reporting regime through February 4, 2016. The Texas GTO will be effective from September 17, 2015, through March 15, 2016, inclusive.