Why should a $200 transaction cost me my privacy?

Why should a $200 transaction cost me my privacy?

You don’t need to be a financial expert to predict the consequences of this. The math is easy. The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) recently issued a Geographic Targeting Order that lowers significantly the standard reporting threshold for money services businesses operating in 30 ZIP codes along the U.S.-Mexico border.​ While two temporary restraining orders have stalled the regulations for now, th…

Judge halts federal scrutiny of $200 transactions

The temporary restraining order allows time to challenge burdensome reporting requirement.

NEWS: Texas MSBs sue FinCEN over $200 GTO cash transaction reporting rule - AML Intelligence

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