FinCEN Names Mexican Casinos Operating on Behalf of Sinaloa Cartel As Primary Money Laundering Concern
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) – the bureau tasked with collecting and analyzing financial information to combat domestic and international money laundering and terror financing activity – recently took decisive action against Mexico’s notorious Sinaloa Cartel, designating various transactions involving 10 Mexico-based gambling establishments tied to the group as a class of transaction of “primary money laundering concern” under Section 311 of the USA PATRIOT Act.
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