Sanctions against Mexican financial institutions mark a decisive shift toward targeting the financial arteries of the global drug trade.
Fentanyl
The settlement is the latest in a string of False Claims Act enforcement actions against pharmaceutical companies.
To combat the illegal production and trafficking of fentanyl, the FinCEN analysis said it relied on the "public-private partnership."
The Alert is meant to support reporting entities in recognizing financial transactions suspected of being related to the trafficking of synthetic opioids.
FinCEN move to track drug trade financial flows comes alongside new sanctions from US Treasury.
Latest compliance report from Elliptic shows sanctions activity has continued to accelerate since 2019.
Our senior reporter Carmen Cracknell spoke to Andrew Davies about financial crime and fetanyl.