OFAC Sanctions Mexican Money Laundering Group, Family Members
The Office of Foreign Assets Control on Nov. 13 sanctioned the Mexico-based Hysa Organized Crime Group (HOCG), a transnational criminal organization, and five members of the Hysa family for laundering drug-trafficking proceeds through various Mexico-based businesses.
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
The family members are Luftar Hysa, Arben Hysa, Ramiz Hysa, Fatos Hysa and Fabjon Hysa. OFAC also designated 21 entities and individuals within HOCG’s network, including Mexico-based Entretenimiento Palmero, S.A. de C.V., which is “central to the HOCG’s operations.”
Concurrently, the Financial Crimes Enforcement Network is cutting off 10 Mexico-based, HOCG-operated casinos from the U.S. financial system for facilitating money laundering for the Sinaloa Cartel, a Mexico-based drug-trafficking organization also known as the Cartel de Sinaloa. The State Department designated the Sinaloa Cartel a Foreign Terrorist Organization and a Specially Designated Global Terrorist in February (see 2502190011).
OFAC and FinCEN coordinated their actions with the Mexican government, the Treasury Department said.