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FinCEN Targets San Diego Border Crossings with Stricter Cash Reporting Rules
By Colby Adams
printThe U.S. Treasury Department said Friday that, in response to law enforcement concerns, armored car services and other couriers transporting cash between Tijuana, Mexico and San Diego, California must comply with enhanced border declaration requirements. Under the Geographical Targeting Order issued by the department's Financial Crimes Enforcement Network (FinCEN), the companies must now file a Report of International Transportation of Currency or Monetary Instruments, or CMIRs, when carrying $10,000 through the San Ysidro and Otay Mesa ports of entry, the first and fourth busiest U.S. ports of entry, respectively. The order, which covers a six-month period that begins August 11,...
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