Informational only. Always verify at FinCEN.gov before making compliance decisions. Last refreshed: 2026-10-18.
“The City of Chicago, Illinois”
Threshold
$3,000
Effective
March 27, 2017
Expires
September 23, 2017
Geography
city
This GTO required money services businesses (MSBs) in Chicago to collect and report information on cash transactions of $3,000 or more. It targeted MSBs - including currency exchangers, check cashers, and money transmitters - operating in specific Chicago ZIP codes with elevated money laundering risk.
Formal Geographic Text (from order)
“The City of Chicago, Illinois”
City of Chicago municipal boundary. Does not extend to Cook County suburbs.
Who Must Report
Money services businesses (currency dealers/exchangers, check cashers, money transmitters)
What Must Be Reported
Customer identification and transaction records for cash transactions of $3,000 or more; enhanced due diligence on high-risk customers; file FinCEN Currency Transaction Report (CTR) as applicable
Threshold
$3,000
All-cash transactions at or above
Source Agency
FinCEN
FinCEN order PDF | FinCEN news release
GTO issued targeting MSBs in Chicago.
GTO expired without renewal.
Common questions about this specific GTO, with answers grounded in the official order text.
These answers are for informational purposes only and are grounded in the official FinCEN order text. They do not constitute legal advice.
Analyst Notes
MSB-specific GTO. Lower threshold ($3,000) reflects the cash-intensive nature of MSB transactions. Not renewed after initial term. PDF order URL not publicly available.
Soflo Consulting
We offer risk assessments, AML policy creation, and AML program reviews & gap analysis for businesses operating in FinCEN GTO-covered jurisdictions.
