OFAC sanctions two Mexican casinos amid alleged cartel money laundering
The US Treasury’s Office of Foreign Assets Control sanctioned six entities, including two casinos, over alleged links to a money-laundering and cash-smuggling network operated by the Northeast Cartel. Mexico’s finance ministry also suspended Casino Centenario and Diamante Casino, while the financial intelligence unit referred suspected money-laundering and tax offences to prosecutors.
The sanctions and suspensions affect casino operations in Mexico and signal enforcement action over alleged financial-crime risks.