US Imposes Sanctions on Mexican Cartel del Noreste's Financial Network
The U.S. Department of Treasury targeted Cartel del Noreste's commercial network spanning horse racing, construction, transportation, and energy sectors.
The U.S. Department of the Treasury has imposed sanctions on four individuals and 11 entities linked to Cartel del Noreste across horse racing, construction, transportation, and energy sectors.
Scope of Sanctions
The U.S. Department of the Treasury announced sweeping sanctions targeting four individuals and 11 entities associated with Cartel del Noreste.
Financial Network and Money Laundering
It was stated that the network in question extends into the horse racing, construction, transportation, and energy sectors, financing the Mexican criminal group.
Targeted Individuals
Those added to the sanctions list include plaza leader in Nuevo Laredo Pablo Cesar Guajardo Alvarez, as well as businessman Gamaliel Garza Garcia and his son.
Horse Racing and Smuggling Connections
Officials emphasized that the cartel launders money through horse racing activities and highlighted concerns related to cross-border horse smuggling operations.
Companies and Other Entities
Entities such as the Club La Molienda racecourse and the Tamex transportation company were also listed among the sanctioned structures.