US, Mexico target alleged transnational crime group in crackdown on money laundering
Treasury Department sanctions 27 individuals, entities connected to Hysa network
Washington DC
WASHINGTON
The US and Mexico joined forces Thursday to dismantle an alleged transnational criminal operation linked to cartel-related money laundering, according to the Treasury Department.
"Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN) joined the Government of Mexico in targeting the Hysa Organized Crime Group and numerous Mexico-based gambling establishments involved in cartel-related money laundering and a slew of other criminal activities across Mexico and Europe," it said in a statement.
As part of the sanctions, according to the statement, OFAC designated 27 individuals and entities connected to the network.
Meanwhile, FinCEN proposed a special measure to sever 10 Mexico-based gambling establishments’ access to the US financial system due to money laundering concerns.
"The United States and Mexico are working together to combat money laundering in Mexico’s gambling sector. Our message to those supporting the cartels is clear: You will be held accountable," said Treasury Under Secretary for Terrorism and Financial Intelligence John Hurley.
