MEXICO CITY — The United States is intensifying pressure on Mexico's financial sector to curb money laundering, fentanyl trafficking and cartel financing, with senior officials warning that Mexican banks must do more to prevent organized crime from exploiting the country's financial system.
U.S. Under Secretary of the Treasury for Terrorism and Financial Intelligence John K. Hurley met this week in Mexico City with representatives of the Asociación de Bancos de México (ABM), Mexico's powerful banking association. The talks, held just months before the mandatory review of the U.S.-Mexico-Canada Agreement (USMCA), underscore Washington's determination to cut off cartel access to international finance.
