Reported 10 months ago
Treasury Secretary Janet Yellen announced new sanctions against the La Nueva Familia Michoacana drug cartel during a visit to Atlanta to promote efforts to combat illegal drug imports by the Biden administration. Yellen also issued an advisory to banks to identify and report suspicious transactions relating to the sale of chemicals used to manufacture fentanyl. The cartel is a dominant force in Mexico, particularly in drug production, and has expanded into the migrant smuggling industry. The announcement comes as part of the administration's initiatives to address the fentanyl crisis, with fentanyl being the deadliest drug in the U.S. today.
Source: YAHOO