Border Bucks Beware: Feds Eye Cash Flows from $1K to $10K
Published Date: 9/10/2025
Rule
Summary
FinCEN is making some money services businesses near the U.S. southwest border keep better records and report cash transactions between $1,000 and $10,000. They also have to check who’s making these transactions. This new rule updates an older one and helps catch suspicious money moves faster, starting right away!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Cash Transactions $1,000–$10,000 Reported
If you make a cash transaction at certain money services businesses along the U.S. southwest border, transactions of $1,000 or more but not more than $10,000 must be reported and records retained. The businesses must also verify the identity of the person presenting such a transaction.
Reporting Threshold Raised From $200
This Order replaces an earlier order that required reporting of cash transactions of more than $200 up to $10,000; the new Order requires reporting only for transactions of $1,000 or more up to $10,000. Transactions between more than $200 and less than $1,000 that were previously reportable are no longer covered by the new reporting threshold.
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Key Dates
Department and Agencies
Related Federal Register Documents
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2026-20429, Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class of Transactions of Primary Money Laundering Concern; Withdrawal
FinCEN has decided to cancel its earlier plan to crack down on international virtual currency mixing by imposing extra rules to stop money laundering. This change means businesses dealing with virtual currencies won’t face new recordkeeping or reporting requirements from this proposal. The withdrawal takes effect on October 6, 2026, so affected companies can breathe easy for now.
2026-16576, Beneficial Ownership Information Reporting Requirement Revision
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2025-05199, Beneficial Ownership Information Reporting Requirement Revision and Deadline Extension
FinCEN is changing the rules about who has to share ownership info under the Corporate Transparency Act. Now, only foreign companies must report their beneficial owners, while U.S. companies are off the hook. Plus, foreign companies get more time—until March 26, 2025—to file or update their reports, making it easier and less costly to comply.
2026-20371, Proposal of Special Measure Prohibiting the Transmittal of Funds Regarding Transactions Involving the A7 Network's Sub-Agents
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2026-18194, Geographic Targeting Order Imposing Recordkeeping and Reporting Requirements on Certain Money Services Businesses Along the Southwest Border
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Previous / Next Documents
Previous: 2025-17360, Amendment of United States Area Navigation (RNAV) Routes Q-64, T-414, and T-705, and Establishment of United States RNAV Routes T-461 and T-463; Eastern United States
The FAA is updating some flight paths in the eastern U.S. by changing routes Q-64, T-414, and T-705, and adding new routes T-461 and T-463. These changes help pilots fly safer and smoother with modern technology. Airlines and travelers can expect better air traffic flow soon, with no extra costs involved.
Next: 2025-17373, Revocation of Jet Route J-534 and Very High Frequency Omnidirectional Range (VOR) Federal Airway V-349, Amendment of VOR Federal Airways V-23 and V-165, and Establishment of Canadian Area Navigation (RNAV) Route T-645 in Northwestern United States
The FAA is updating some flight routes in the Northwestern U.S. by removing Jet Route J-534 and Airway V-349, changing Airways V-23 and V-165, and adding a new Canadian RNAV Route T-645. These changes happen because the Whatcom VOR navigation system is being shut down to modernize air travel. Pilots flying in this area should get ready for these updates, which help keep flights safe and smooth without extra costs.