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Knickerbocker, TX · Trending
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Federal government targets cash transactions over $200 in border areas
EL PASO, Texas (KFOX14-CBS4) — The federal government is expanding its financial surveillance efforts, targeting cash transactions over $200 in select border communities, including El Paso. The new Geographic Targeting Order (GTO) issued by the Treasury Department will require businesses that fulfill money orders and cash checks to report any transaction over $200 to the Treasury’s Financial Crimes Enforcement Network. This order applies to specific ZIP codes in California and Texas and aims to combat money laundering by Mexican cartels.
El Paso, TX · 2025-03-16