TREASURY SEC. SCOTT BESSENT: Cartels have exploited Mexico-based financial institutions to move money, enabling the vicious fentanyl supply chain that has poisoned countless Americans.

Cartels have exploited Mexico-based financial institutions to move money, enabling the vicious fentanyl supply chain that has poisoned countless Americans.

Through the first use of a new powerful authority granted by Congress, Treasury will effectively require U.S. financial…

— Treasury Secretary Scott Bessent (@SecScottBessent) June 25, 2025

Cartels have exploited Mexico-based financial institutions to move money, enabling the vicious fentanyl supply chain that has poisoned countless Americans. Through the first use of a new powerful authority granted by Congress, Treasury will effectively require U.S. financial institutions to sever ties with 3 Mexico-based financial institutions for laundering money on behalf of cartels. Both the United States and Mexico are committed to financial systems with strong anti-money laundering/countering the financing of terrorism controls and these actions affirm Treasury’s commitment to using all tools at our disposal to counter the threat posed by terrorist organizations.

"Treasury Issue Historic Orders Under Powerful New Authority to Counter Fentanyl," U.S. Department of Treasury, June 25, 2025.