The U.S. Department of the Treasury published a readout of Under Secretary for Terrorism and Financial Intelligence John K. Hurley’s meeting with the Mexican Banking Association in Mexico City, focused on strengthening joint efforts to combat drug cartels and disrupt the flow of fentanyl into the United States by enhancing compliance. Hurley emphasized the role of Mexico’s financial sector in countering illicit finance, pointing to Treasury public advisories and alerts as tools to help banks improve compliance. He also highlighted recent enforcement actions (2313a) as evidence of the United States’ approach to cutting off cartel funding and underscored the importance of government and industry cooperation to achieve stronger compliance outcomes against cartel financing.
U.S. Department of the Treasury 2025-09-18
U.S. Department of the Treasury urges Mexican Banking Association to strengthen compliance to disrupt cartel and fentanyl financing
The U.S. Department of the Treasury reported Under Secretary John K. Hurley’s meeting with the Mexican Banking Association, focusing on joint efforts to combat drug cartels and disrupt fentanyl flow into the U.S. Hurley highlighted Mexico’s financial sector's role in countering illicit finance and emphasized government and industry cooperation to enhance compliance. Recent enforcement actions were cited as part of the U.S. strategy to cut off cartel funding.