On April 21, 2015, the Financial Crimes Enforcement Network (FinCEN) issued a Geographic Targeting Order (GTO) in coordination with U.S. Immigration and Customs Enforcement’s Homeland Security Investigations (HIS) and Miami-Dade State Attorney’s Office South Florida Money Laundering Strike Force. The GTO dircetly affects reporting obligations for many Miami-based businesses, including area financial institutions. The GTO’s purpose and goal is to shed light on cash transactions that may be tied to trade-based money laundering schemes – See more

April 22nd, 2015|