US Targets Mexican Cartel with New Sanctions to Combat Fentanyl Crisis

Treasury Secretary Yellen announces measures against La Nueva Familia Michoacana to disrupt drug trafficking and money laundering operations.

The Biden administration sanctioned eight members of the La Nueva Familia Michoacana cartel for fentanyl, cocaine, and methamphetamine trafficking.
Treasury's actions include freezing assets and banning US transactions with the sanctioned individuals.
New advisories help banks identify suspicious transactions tied to the fentanyl supply chain.
The cartel also engages in human trafficking and uses violent tactics to control drug routes.
Collaboration with Mexico and China aims to cut off precursor chemical supplies and dismantle financial networks.