The US government just raised the reporting threshold for suspicious cash transactions on the border

The US Treasury Department's financial crime unit just raised the minimum amount for reporting cash transactions along the southwest border. Money services businesses now only have to report transactions over $1,000, instead of over $200.

For years, money services businesses along the US-Mexico border had to report cash transactions over $200 to the government. This rule change means they will now report far fewer transactions, specifically those between $200 and $999. It reduces the compliance costs for these businesses, but it also means the government will collect less data on smaller cash movements in a region known for illicit financial flows.