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0 0 0.00842696629213498 0.00842696629213498 0.00374531835206001 0.000936329588015128 0.00374531835206001 -0.000758426966292031
Stock impact report

New Trump Financial Reporting Rule Aims To Capture Cash Transactions As Low As $200 [Forbes]

Western Union Company (The) (WU) 
Last western union company (the) earnings: 2/11 04:05 pm Check Earnings Report
Company Research Source: Forbes
getty The Trump administration is seeking more information about your financial transactions—but only if you live or do business in one of 30 ZIP codes. Beginning in April, the Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) will require those who in those ZIP codes—estimated to be more than one million Americans—to be reported if they try to spend more than $200 in cash or cash equivalent on items like money orders and traveler's checks. That's a dramatic expansion of the standard $10,000 cash reporting requirement. The new Geographic Targeting Order (GTO), which has, , "to further combat the illicit activities and money laundering of Mexico-based cartels and other criminal actors along the southwest border of the United States," was quietly introduced this week. The GTO requires all money services businesses (MSBs) located in 30 ZIP codes across California and Texas to file Currency Transaction Reports (CTRs) with FinCEN at a $200 threshold for cash t Show less Read more
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