đź’€

Reply to this note

Please Login to reply.

Discussion

“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 persons 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, as its stated purpose, "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 transactions. The threshold for all other areas remains $10,000.”

lol

By the time they quit printing money that will be a happy meal

Sheeeit… it already costs about $150 to feed a fam of 4 at McD now.

Fun fact. In 1970 the BSA law made you declare if you were carrying more than $10,000 cash across the border.

In today's spending power that was $75,000 and they have just never changed the amount

And they won’t either.

Few.