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FinCEN Proposes to Sever Access to the U.S. Financial System if Foreign Banks do Business With 10 Gambling Establishments Tied to Laundering Money From Narcotics Trafficking With the Sinaloa Cartel

by | Nov 14, 2025 | Crimes, Finanical Institutions, FinCEN, Gambling |

This week the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has proposed to sever the access to the U.S. financial system by 10 gambling establishments in Mexico, by prohibiting financial institutions from opening or maintaining a correspondence account for any foreign bank if the account is used to process transactions by the 10 named gambling establishments. This action was taken in coordination with the Government of Mexico and the Treasury’s Office of Foreign Assets Control, who sanctioned individuals in the criminal group responsible for laundering the proceeds of narcotic trafficking in collaboration with the Sinaloa Cartel, among other activities. Four gambling establishments are located in Sinaloa, Sonora, and Tabasco, Mexico, and in Baja, California. To read the complete announcement, click here.

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