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US and Mexico target casinos as part of organized crime crackdown

The properties were allegedly linked to money laundering and criminal activity that could be tracked across Mexico and parts of Europe.

· 3 min read
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us and mexican governments target casinos linked to organised crime
Key Points
A total of 27 individuals and ten casinos have been identified by the US and Mexican Governments as being linked to organized crime
It's believed that the group used casinos and other local businesses in Mexico to launder money
Businesses in North America and Europe are also believed to be affected

A joint effort between the US and Mexican Governments has resulted in several gaming establishments in Mexico being targeted due to alleged links to organized crime.

The Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned 27 individuals and entities, while the Financial Crimes Enforcement Network (FinCEN) has proposed that 10 Mexican casinos have their access to the US financial system severed.

John K. Hurley, Treasury Under Secretary for Terrorism and Financial Intelligence, said: "The United States and Mexico are working together to combat money laundering in Mexico's gambling sector.

"Our message to those supporting the cartels is clear: You will be held accountable.

"We thank the Government of Mexico for its strong partnership in this effort."

The Governments involved hope to target the Hysa Organized Crime Group through these efforts.

According to the US Treasury, this group invests in local businesses across Mexico to gain influence, before laundering money from drug-trafficking endeavors through them.

The Government has also sanctioned all property and entities involved with the group, and urged people to report any others to the OFAC.

There are also businesses based in North America and Europe that are believed to be colluding with members of the Hysa group.

The casinos, which are primarily based in Sonora, Sinaloa and Baja California, are currently under investigation.

Both OFAC and FinCEN intend to check all transactions from the property that could be linked to money laundering.

FinCEN is also calling for additional sanctions to be taken against these properties, including prohibiting financial institutions from opening or maintaining accounts linked to the establishments.

This announcement follows Mexico's suspension of an additional 13 casinos earlier this week.

Good to know

The Hysa Organised Crime Group is believed to be part of the Sinaloa Cartel, which was founded in the late 1960s and widely credited with pioneering the use of aircraft to smuggle drugs into the US

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