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With Targeting Orders Come Leads and Limited Means for Enforcement
By Colby Adams
printU.S. officials are likely to gather a wealth of data from the imposition of newly-mandated reporting requirements but may have limited means to directly enforce compliance with the rules, according to government sources. Since October 2014, the U.S. Financial Crimes Enforcement Network (FinCEN) has ordered hundreds of businesses in four states to enhance their collection and reporting of data on certain client transactions as part of an effort to identify regional and international money laundering operations. The geographical targeting orders (GTOs) apply to clothing and electronics retailers, armored car companies, check cashers and title insurance firms. The measures have generated...
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