The speaker expresses gratitude for the warm welcome in Mexico City and highlights the importance of the U.S.-Mexico relationship in addressing security and financial issues related to drug trafficking, arms trade, and human trafficking.
They emphasize the power of sanctions as tools to disrupt the finances of criminal enterprises and the value of joint or parallel actions between the U.S. and Mexico. However, they note that sanctions are just one part of the solution and that financial tools need to be leveraged more effectively.
The speaker mentions the Principals Strategic Dialogue on Illicit Finance (SDIF) held in August with Mexico’s Financial Intelligence Unit (UIF) and discusses the progress made in understanding financial flow typologies related to issues like fentanyl precursors and timeshare fraud.
They also highlight the importance of engaging with the private sector in both countries to tackle challenges, such as identifying the opaque networks behind the precursor chemical trade. The speaker mentions the need for financial institutions to be empowered to detect and prevent illicit financial flows related to these networks.
The speaker acknowledges the transnational nature of criminal organizations and their financial networks, stressing the importance of a strong partnership between the U.S. and Mexico in dismantling these operations.
In conclusion, the speaker reaffirms the U.S. Treasury’s commitment to building and strengthening this crucial partnership and representing Secretary Yellen’s dedication to the cause.
By FCCT Editorial Team
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}