Jump to content

Geographic targeting order

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by PrimeBOT (talk | contribs) at 15:56, 3 June 2017 (External links: update URL to law.cornell.edu - BRFA using AWB). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

A Geographic targeting order (or GTO) is an order issued by the United States Secretary of Treasury requiring any United States domestic financial institutions that exist within a geographic area to report on transactions any greater than a specified value. GTOs are defined in the Bank Secrecy Act in 31 U.S.C. § 5326(a). They only last for a limited period of time — originally each order lasted 60 days however section 353 of the USA PATRIOT Act extended such orders to 180 days.