The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued orders identifying three Mexico-based financial institutions as being of primary money laundering concern in connection with illicit opioid trafficking. These orders are the first actions by FinCEN under the Fentanyl Sanctions Act and the FEND OFF Fentanyl Act, which provide the Treasury with additional authority to target money laundering associated with the trafficking of fentanyl and other opioids.
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FinCEN Issues Orders Sanctioning Foreign Banks for Alleged Opioid-Related Money Laundering
