US Targets Mexican Cartel Over Alleged Money Laundering in 13 Casinos
US Takes Action Against Suspected Casino Money Laundering by Mexican Cartel
In response to a crackdown by Mexican authorities, the United States has taken decisive measures against a suspected criminal network involved in laundering money through casinos. This operation centers on the Sinaloa cartel, which is believed to be orchestrating a large-scale scheme using several gambling properties.
US Treasury Imposes Sanctions Amid Money Laundering Claims
The day following Mexico’s announcement of an investigation that led to the suspension of 13 casinos suspected of facilitating money laundering, the US Treasury Department issued sanctions targeting the cartel’s financial activities. According to officials, these casinos were utilized in a fraudulent system where low-income individuals were made to gamble, after which the casinos falsified winnings and transferred funds abroad. These funds were then funneled back into Mexico through offshore channels.
Initially, Mexican officials denied any connection between the casinos and cartel operations, but the US Treasury’s announcement has increased the credibility of such links. John K. Hurley, Under Secretary for Terrorism and Financial Intelligence, emphasized that those supporting cartels will face consequences and expressed gratitude toward Mexico for their cooperation on this matter.
The sanctions specifically target members of the notorious Hysa cartel family and implicate 20 businesses, including the suspended casinos and several upscale restaurants.
Mexico’s Treasury department has identified additional transactions connected to this criminal network, with funds traced to various countries such as Canada, the United States, Panama, Romania, Poland, Albania, and Belize, as well as Mexico itself.
Mexico Responds by Expanding Sanctions
Following the US actions, Mexico’s Treasury has extended sanctions to five more companies believed to have supported the money laundering activities. This move reflects a continued commitment to international cooperation aimed at preventing illicit financial operations.
Cartel-related crime remains a significant challenge for both countries. While formal sanctions have hindered legitimate business opportunities, criminal groups continue to exploit alternative methods, including the use of fake identification of innocent casino patrons in Mexico, resulting in millions being diverted overseas without those individuals’ awareness.
