FinCEN reissues modified Geographic Targeting Order requiring MSBs to report cash transactions between $1,000 and $10,000 in selected border regions to combat Mexico-linked illicit activity

This measure replaces the earlier $200 threshold, introduces an extended compliance provision for newly covered MSBs until October 10, 2025, and strengthens law enforcement’s ability to cut off access to the U.S. financial system by drug cartels and other illicit actors…