US EditionMexico suspends 13 casinos for alleged money laundering
- On Wednesday, Mexican authorities suspended operations at 13 casinos alleged to have laundered millions overseas, part of a monthslong probe involving the United States.
- Prosecutors say the scheme began with stolen identities, then funds were transferred to overseas accounts of front businesses and moved into tax havens.
- Students, homemakers or retirees were reportedly given electronically prepaid cards or codes, which casinos then used to register windfalls of millions after small bets.
- Grupo Salinas responded that 13 casinos were suspended, denying wrongdoing, while Omar García Harfuch said three had ties to organized crime.
- The probe suggests that prosecutors say the laundered money was later sent back to Mexico through casinos or other companies, and the 13 companies involved allegedly had ties to organized crime.
60 Articles
60 Articles
The US government announced on Thursday sanctions against the developer of a casino that operated until last year on the Mohawk reserve in Kahnawake, south of Montreal, as it would use gambling establishments to launder the dirty money of Mexican drug cartels.
Washington, Nov 13 (EFE).- The U.S. government announced sanctions this Thursday against the Hysa family, based in Mexico and Canada, for allegedly using their network of casinos and leisure establishments to launder money from the dangerous Sinaloa Cartel. “Today, the Office of Foreign Assets Control (OFAC) and the Financial Crimes Control Network (FinCEN) joined the Mexican government to dismantle the organized criminal group Hysa and numerous…
The Treasury Department announced that its Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN) imposed sanctions on 27 entities linked to criminal networks. The action, taken in collaboration with the Mexican government, targets the Hysa Organized Crime Group and numerous Mexico-based gambling establishments involved in cartel-related money laundering schemes. “The United States and Mexico are working to…
U.S. sanctions casinos linked to drug cartels, individuals in Mexico
The Trump administration and Mexico targeted gambling establishments with alleged financial links to Latin American drug cartels on Thursday, with the U.S. sanctioning several individuals and 10 casinos.
Luftar Hysa, suspected of being behind the Magic Palace casino in Kahnawake, has just been added to a blacklist by the US government.
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