U.S. Treasury Sanctions Signal Heightened Scrutiny Over Mexican Financial Sector
Orders targeting three financial institutions for alleged fentanyl money laundering initiate a new era of enforcement.
This article has been updated. Since Day 1 of the second Trump presidency, the administration has had a laser focus on Mexico and cartel activity. Up until now, the Trump administration’s campaign against the drug trade and cartel activity has been largely limited to legal actions against fly-by-night bulk cash smugglers, kingpins, and cartel members themselves. However, recent enforcement measures targeting Mexican firms stand to have profound implications for companies doing business in Mexico. The U.S. Department of Treasury’s (Treasury) Financial Crimes Enforcement...
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