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Border Check Cashing Rules Change | Laredo News
Starting September 3rd, check cashers in eight border counties—spanning Texas and New Mexico—must ID and report anyone cashing a check over $1,000, slashing the national threshold from $10,000. FinCEN’s new rule targets money services businesses to curb cartel cash flows, with no exceptions for regular customers. Businesses have 30 days to file reports electronically, and non-compliance risks penalties. This isn’t the first time FinCEN has rolled out similar measures, but this expanded order lasts 180 days unless renewed. Listen in comfort:Get a discount on a Soli Pillow…
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