💨 Abstract

The U.S. Treasury banned specific transactions with three Mexican financial institutions—CIBanco, Intercam Banco, and Vector Casa de Bolsa—as part of new fentanyl sanctions. This marks the first use of the Fentanyl Sanctions Act and the FEND Off Fentanyl Act, which empower the Treasury to target money laundering linked to fentanyl trafficking, particularly involving cartels.

Courtesy: theprint.in