The U.S. Treasury Department's recent meeting with Mexican banking officials aimed to bolster anti-money laundering efforts amid growing tensions over drug trafficking. Emilio Romano, president of the Mexican Banking Association, expressed readiness for cooperation following discussions held during the Banking Convention in Nayarit. This collaboration is crucial as U.S. measures against cartels have escalated under Trump, targeting prominent Mexican groups with terrorist designations to impede their financial operations and assets. Recent sanctions underscore ongoing efforts to address organized crime rooted in Mexico.
Emilio Romano, the new president of the Mexican Banking Association (ABM), stated after the meeting that Mexican banks are ready to cooperate with the White House.
The clampdown on Mexican drug traffickers has intensified under Trump's administration, with the designation of six Mexican cartels and two South American gangs as international terrorist organizations.
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