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Why regulators are looking at Miami-Dade, Broward check cashers

Jul 24, 2015 - South Florida Business Journal
Mergers and Acquisitions

Cashing a tax refund check greater than $1,000 in Miami-Dade or Broward counties? Starting Aug. 3, additional ID will be required.

Federal regulators issued a geographic targeting order to South Florida check cashers in those two counties to combat tax refund fraud in the area. The order was made public July 13. For check cashers, the requirements will likely be a nuisance, but being in the financial business in South Florida means getting used to high scrutiny.

Geographic targeting ...