"The U.S. Treasury Department's crackdown on Mexican drug trafficking finances has now expanded to include a network of luxury restaurants and casinos in Mexico. The Office of Foreign Assets Control (OFAC) announced Thursday that, in a joint operation with Mexico, it has sanctioned 27 companies accused of allegedly laundering money on behalf of the Sinaloa Cartel. In the crosshairs are businesses owned by the Hysa group in Mexico, Canada, and Poland,"
"Our message to those supporting the cartels is clear: You will be held accountable, said Treasury Under Secretary for Terrorism and Financial Intelligence John K. Hurley, in a written statement. On Thursday, OFAC sanctioned 27 individuals and entities, and the Financial Crimes Enforcement Network (FinCEN) proposed a special measure to restrict access to the U.S. financial system for 10 Mexico-based gaming establishments due to money-laundering concerns."
The U.S. Treasury and Mexican authorities coordinated sanctions and enforcement targeting alleged money-laundering networks tied to the Sinaloa Cartel. OFAC sanctioned 27 individuals and entities, including businesses owned by the Hysa group across Mexico, Canada, and Poland, and targeted multiple betting houses in Sinaloa, Tabasco, Baja California, and Sonora. FinCEN proposed a special measure to restrict ten Mexico-based gaming establishments' access to the U.S. financial system. Mexican authorities froze bank accounts of 13 betting houses. U.S. investigators report the Hysa Organized Crime Group used investments and control of casinos and restaurants to launder drug proceeds with cartel consent.
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