Particle.news
Download on the App Store

Mexico, U.S. Tighten Casino Laundering Crackdown With Mexico's Blocked List Now at 31

The UIF added five entities following a joint operation that paired OFAC sanctions with a FinCEN proposal to restrict U.S. banking access.

Overview

  • Mexico identified and blocked operations at 13 casinos across eight states as part of the coordinated probe.
  • OFAC sanctioned 27 people and entities linked to alleged laundering for the Cártel del Pacífico, also known as the Sinaloa Cartel.
  • FinCEN proposed a special measure to bar 10 Mexico-based gambling establishments from the U.S. financial system.
  • The UIF filed criminal complaints with the Attorney General’s Office and notified the Federal Tax Prosecutor over suspected illicit proceeds and tax offenses.
  • Authorities report more than 1 billion pesos moved through companies spanning Mexico, the United States, Canada, Belize, Panama, Romania, Poland and Albania, with the U.S. Treasury highlighting the Hysa group’s role.