U.S. Imposes New Sanctions on Mexican Cartel to Curb Fentanyl Flows
Treasury Secretary Janet Yellen announces measures against individuals and companies linked to the Beltran Leyva cartel during her visit to Mexico.
- U.S. Treasury Secretary Janet Yellen announced new sanctions against 15 individuals and two Mexican companies linked to the Beltran Leyva drug cartel during her visit to Mexico.
- The sanctions aim to disrupt the cartel, a major supplier of cocaine and fentanyl to the U.S., and are issued under a 2021 executive order that broadens the scope of drug-related activities.
- Sixty Mexican and foreign nationals have been charged with international drug trafficking, including 12 of the individuals that were sanctioned and are linked to the Beltran Leyva cartel.
- The Treasury has been imposing sanctions for years, disrupting individual cartels, but the actions have failed to slow the overall flow of illicit drugs to the United States.
- Yellen's visit to Mexico aims to improve cooperation with the government and businesses to find and cut off the flow of financing to drug cartels and their front companies.