The Treasury Department says it will target businesses like check cashing companies and currency exchangers that it suspects of money laundering along the Southwest border.
The operation from the Treasury Department’s Financial Crimes Enforcement Network targets more than 100 money services businesses, which are companies that provide financial services but aren’t formal banks.
The Treasury Department is investigating those it suspects of not complying with regulations against illicit finance. Secretary Scott Bessent says the operation will “root out potential cartel-related money laundering from the U.S. financial system.”
The Department has issued six investigation notices to companies so far in the operation. Money services businesses include currency exchangers and wire transfer companies, like Western Union. They also include businesses like check cashing shops that provide immediate access to funds
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The small, electric vehicles are designed to be accessible to a domestic market in Mexico. -
Mexican President Claudia Sheinbaum called the recent reports from CNN and the New York Times “a fiction the size of the universe.” -
The Nogales International Film Festival will screen movies directly in front of the border wall, so people on either side can experience films together. -
The Inter-American Commission on Human Rights investigation called out structural problems leading to Mexico’s more than 128,000 disappearances. -
Reports about a review of Mexico’s consulates in the United States follows the death of two U.S. agents in Mexico.
