FinCEN Southwest border GTO challenged by Texas trade group
By EsqSocial Corporation 04/04/25
On April 1, 2025, the Texas Association for Money Service Businesses filed a lawsuit in San Antonio federal court challenging the recent Geographic Targeting Order (GTO) applicable to money services businesses (MSBs) located in certain areas along the southwest border. The complaint alleges that the GTO has an unlawful and unconstitutional application, places discriminatory obligations on these businesses, and imposes a financially ruinous burden. The complaint seeks to block the GTO from being...
By: Eversheds Sutherland (US) LLP