Treasury Sec. Bessent Announces Sanctions Against Financiers Of Major Drug Cartel

2 days ago

Treasury Sec. Scott Bessent announces sanctions against the financiers of the Sinaloa Drug Cartel.

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Transcript

00:00As President Trump and I have stressed many times before, economic security is national security.

00:08One of the most important roles we play at Treasury is safeguarding American interests against foreign adversaries.

00:15Today, I'm proud to announce that we've taken decisive action against the Sinaloa Cartel,

00:21one of the most notoriously violent criminal and drug trafficking organizations in the world.

00:27Our administration is committed to cutting off their funding and neutralizing the threat through all available tools.

00:35We leveled sanctions against six individuals and seven entities involved in a money laundering operation,

00:43cutting off financing for these evil people.

00:46Today, the Treasury's Financial Crimes Enforcement Network also issued an alert

00:52to help financial institutions detect and deter bulk cash smuggling by transnational criminal organizations in Mexico.

01:01The Sinaloa Cartel has invaded our southern border.

01:05They have tortured and murdered countless of our citizens,

01:09dedicated law enforcement agents like Kiki Camarena,

01:13and veterans like Nicholas Quetz, who was only 31 years old when he was ruthlessly taken from us.

01:21And the group is responsible for a significant amount of the fentanyl and illicit drugs brought into the United States,

01:28drugs that continue to kill innocent Americans and destroy families every single day.

01:35Today's action builds on the great and coordinated work across the Trump administration,

01:41from the White House to DHS to the DOJ.

01:45We have a steady drumbeat of regulatory and sanctions actions, as well as national security actions,

01:52sending a clear message that American strength is back.

Treasury Sec. Bessent Announces Sanctions Against Financiers Of Major Drug Cartel

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