FinCEN reissues $1,000 cash-reporting order for money services businesses in eight counties
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FinCEN reissued a cash-reporting order for money services businesses in specified parts of Texas and New Mexico, effective Thursday.
Eight counties are covered.
The order reaches listed ZIP codes in Cameron, El Paso, Hidalgo, Maverick and Webb counties in Texas, and Bernalillo, Dona Ana and San Juan counties in New Mexico. For each cash deposit, withdrawal, currency exchange, payment or transfer from $1,000 through $10,000, a covered business must verify the customer and file a Currency Transaction Report within 30 days.
Businesses not covered by the March order have until October 3 to comply. The new order runs through March 1, 2027.
Money services businesses protected by an applicable injunction against the March 2025 order remain excluded while that injunction is in force.