Mexican Government Rushes to Defend Cartel-Connected Banks Targeted for Sanctions by U.S. Treasury Department

Mexico’s government is rushing to the aid of two Mexican-based banks and a brokerage firm that the U.S. Department of the Treasury accused of working with various cartels to launder money or helping them move money to China to pay for fentanyl precursors. Mexican officials questioned the validity of the Treasury Department’s sanctions, stating that the claims lack sufficient evidence to support the allegations.

In a prepared statement issued this week, Mexico’s Secretariat of Treasury and Public Credit (SHCP) claimed that as soon as the U.S. Treasury notified them of the actions against the three Mexican financial institutions, they requested…

Read the full article at BREITBART.COM