Here's your Forbes Daily Briefing for Saturday, March 22nd. Today on Forbes, new Trump

Financial Reporting Rule aims to capture cash transactions as low as $200. 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,

or FinCEN, will require persons in those zip codes, estimated to be more than 1 million Americans,

to be reported if they try to spend more than $200 in cash or cash equivalent on items like

money orders and travelers' checks. That's a dramatic expansion of the standard $10,000

cash reporting requirement. The new geographic targeting order, or GTO, which has, as its stated

purpose, quote, 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 earlier in March.

The GTO requires all money services businesses,

located in 30 zip codes across California and Texas, to file

currency transaction reports, known as CTRs, with FinCEN, at a $200 threshold for cash transactions.

The threshold for all other areas remains $10,000.

The order applies to money services businesses in zip codes across these seven counties in California and Texas.

Imperial County, California, San Diego County, California, Cameron County, Texas, El Paso County, Texas,

Hidalgo County, Texas, Maverick County, Texas, and Webb County, Texas.

A money service business, or MSB, includes businesses like check-cashing services, sellers of travelers' checks or money orders, and money

transmitters. The effective date of the GTO is April 14, 2025. Under current rules, financial institutions, including banks, must file

currency transaction reports when they accept $10,000 or more in cash in a single day. The term cash

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