Feds Target Border Cash Deals: $1K to $10K Must Be Logged
Published Date: 9/4/2026
Rule
Summary
FinCEN is issuing this 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 $1,000 or more, but not more than $10,000, and to verify the identity of persons presenting such transactions.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Cash Transaction Reporting at SW Border
FinCEN requires certain money services businesses along the southwest border to report and keep records for cash transactions of $1,000 or more, but not more than $10,000. Those businesses must also verify the identity of the person making those transactions.
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Key Dates
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