Particle.news
Download on the App Store

U.S. Sanctions Hysa Network, Moves to Cut Off 10 Mexican Casinos Over Alleged Sinaloa Laundering

Coordinated steps with Mexico tighten financial pressure on gambling businesses accused of moving cartel proceeds.

Overview

  • OFAC designated 27 individuals and entities linked to the Hysa Organized Crime Group, including several Hysa family members, adding them to the SDN list and freezing any U.S. assets.
  • FinCEN proposed a Section 311 special measure to restrict correspondent banking access for 10 Mexico-based casinos identified as high risk for money laundering.
  • Mexico’s Finance Ministry suspended 13 casinos after a months-long investigation and said it will file complaints with the Attorney General and notify tax authorities.
  • Authorities cite multimillion-dollar cash transactions and international transfers to the U.S., Romania, Albania, Malta, and Panama, often routed through third-party digital platform users.
  • Treasury officials credited close coordination with Mexican counterparts, and U.S. financial institutions are required to block dealings with designated parties and heighten due diligence on related activity.