Mexican banks targeted by US Treasury under new anti-fentanyl authorities

By Samuel Rubenfeld ( June 25, 2025, 22:37 GMT | Insight) -- The US Treasury Department used new anti-fentanyl authorities to identify two Mexican banks and a Mexican brokerage as being of primary money laundering concern in connection with opioid trafficking. The new authorities share several characteristics with a provision of the Patriot Act that allows Treasury to identify financial institutions, classes of transactions or types of accounts as a primary money laundering concern, but it specifically focuses on illicit opioid trafficking, according to a frequently-asked-question document issued alongside today’s announcement.The US Treasury Department used new anti-fentanyl authorities to identify two Mexican banks and a Mexican brokerage as being of primary money laundering concern in connection with opioid trafficking....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.

Know what others in the room don’t, with features including:

Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Mexican banks targeted by US Treasury under new anti-fentanyl authorities

Prepare for tomorrow’s regulatory change, today

Related Sections