PASADENA, Calif. (CN) — A financial crimes enforcement agency in the U.S. Treasury Department asked the Ninth Circuit Court of Appeals on Monday to vacate a preliminary injunction that prevents it from enforcing a new order that requires money service businesses along the U.S.-Mexico border to report transactions over $200 to federal law enforcement.
The federal government argued the plaintiff in the case — Novedades y Servicios, a check-cashing service in San Diego — did not demonstrate a likelihood of success on the merits of the case. It also argued the Financial Crimes Enforcement Network, or FinCEN, was well within its rights to issue the geographic targeting order, or GTO, in an effort to target money laundering operations at financial businesses in 30 ZIP codes in California and Texas.
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