FinCEN's First Strike: New Section 311 Powers Target Mexican Financial Institutions Under FEND Off Fentanyl Act
Update: 2025-07-18
Description
In this episode, host Lauren Pryor and her colleagues discuss the recent actions by FinCEN, which designated three Mexican financial institutions as primary money laundering concerns under the expanded Section 311 authority, strengthened by the Fend Off Fentanyl Act. This designation aims to disrupt fentanyl-related financial crime by prohibiting U.S. financial institutions from processing transactions involving these entities. The discussion highlights the broader U.S. government effort to combat cartels, drawing parallels to post-9/11 actions against terrorist financing.
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