Heads up, El Paso! 
A new financial reporting rule is set to impact our community starting April 14, 2025. If you live or do business in the following ZIP codes, any cash transactions over $200 will need to be reported to the Financial Crimes Enforcement Network (FinCEN). 
A new financial reporting rule is set to impact our community starting April 14, 2025. If you live or do business in the following ZIP codes, any cash transactions over $200 will need to be reported to the Financial Crimes Enforcement Network (FinCEN). Affected ZIP codes:
– 79901
– 79902
– 79903
– 79905
– 79907
– 79935
This change is a significant drop from the previous $10,000 threshold and aims to combat illegal activities and money laundering associated with cartels. But it could affect over a million Americans, especially those who rely on money services like check cashing and money orders. 
Many are concerned this increased oversight might invade privacy and push transactions underground. What’s your take, El Paso? Is this a necessary measure for safety or an unnecessary intrusion? Let’s discuss! 
