U.S. Department of the Treasury - Page 2

U.S. Treasury Cracks Down on Sinaloa Cartel’s Mayos Faction, Freezes Assets in Rosarito Drug Corridor

The U.S. Department of the Treasury singled out several key leaders and businesses tied to the Mayos faction of the Sinaloa Cartel, including a former mayor in the Mexican state of Baja California. The move targets accounts and money laundering operations, including hotels, restaurants, and bars in the popular beach destination of Rosarito, Baja California.

Weapons and ammunition colledted during a crime scene attributed to the Sinaloa Cartel. (C

U.S. Treasury Sanctioned Los Zetas Rapper, Other Cartel Operators

The U.S. Department of the Treasury sanctioned three top Los Zetas leaders, as well as a recording artist who not only praised them in his songs but was also allegedly using the music business to launder funds for the criminal organization. One of the newly sanctioned leaders is a former Tamaulipas state police officer who secretly worked as a cartel boss while carrying a badge.

Credit: U.S. Department of Treasury

Mexican Cartel Connected Banks Feeling Pressure from Trump Admin

The recent sanctions imposed by the Trump administration on two banks in Mexico and a brokerage firm sparked widespread controversy and speculations about the future of financial institutions in a country where even the White House has previously accused top Mexican government officials of having an intolerable relationship with drug cartels.

Credit: Breitbart Texas / Ildefonso Ortiz

Mexican Government Rushes to Defend Cartel-Connected Banks Targeted for Sanctions by U.S. Treasury Department

Mexico’s government is rushing to the aid of two Mexican-based banks and a brokerage firm that the U.S. Department of the Treasury accused of working with various cartels to launder money or helping them move money to China to pay for fentanyl precursors. Mexican officials questioned the validity of the Treasury Department’s sanctions, stating that the claims lack sufficient evidence to support the allegations.

FILE: Getty Images