US sanctions cartel-linked horse racing network with New Mexico ties
Treasury said the network laundered more than $22 million through quarter-horse racing and related businesses, and froze U.S. assets of 15 targets.
- On Tuesday, Treasury Secretary Scott Bessent announced sanctions against four people and 11 businesses tied to Cartel del Noreste, calling the action the "most significant effort to date to disrupt Cartel del Noreste's financial infrastructure."
- Operating from Nuevo Laredo, Mexico, across from Laredo, Texas, Cartel del Noreste functions as an offshoot of Los Zetas, leveraging control over a port that handles nearly 40 percent of commercial trade between the nations.
- Federal officials identified Club La Molienda as a central hub for laundering funds through admission fees and wagers, while firms including CEGESA and COPASA allegedly secured public works contracts in Tamaulipas to direct money into political campaigns.
- The Office of Foreign Assets Control penalties freeze U.S.-held property belonging to the targeted individuals and businesses, generally prohibiting Americans from conducting business with the sanctioned entities.
- Representing the federal government's fourth and largest financial enforcement round against the cartel since early 2025, the action involved the Homeland Security Task Force and Mexico's Unidad de Inteligencia Financiera.
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The U.S. Treasury Department detailed a scheme of money laundering of the Northeast Cartel through quarter mile horse racing
The financial authorities of Mexico and the United States blocked the bank accounts and access to the assets of four people and 11 companies to which the Treasury Department pointed out to have links with the Northeastern Cartel (CDN), and to participate in businesses such as quarter mile horse racing, construction, road transport, the oil and gas sector, and also to have financed electoral campaigns.
U.S. Treasury Sanctions Los Zetas Horse Racing, Construction Ventures
A new series of actions by the U.S. Department of the Treasury highlights the way one of the most sadistic terrorist organizations in Mexico -- responsible for mass killings and incinerations -- uses horse racing, construction companies, and gas companies to launder their proceeds and also fund political campaigns. | Border / Cartel Chronicles
MEXICO CITY (AP) — The United States announced on Tuesday sanctions against four people and 11 companies related to the oil industry, construction and horse racing for alleged links with the North East Cartel, an international organization...
US sanctions cartel-linked horse racing network with New Mexico ties
The U.S. Treasury Department imposed sanctions Tuesday on four people and 11 businesses it accuses of supporting the Cartel del Noreste through horse racing, construction, trucking, and fuel operations.
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