Treasury Now Sanctions Cartel del Noreste Horse Racing Network – RedState– redstate.com
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EXCERPT:
There has been a lot of virtual ink spilled on the damage done to Iran’s economy by the United States Treasury Department under the best Treasury Secretary since Alexander Hamilton, namely Scott Bessent. But the Secretary and his department haven’t been focused solely on Iran. On Tuesday, the Treasury Department announced sanctions slammed down on the Cartel del Noreste, a Mexican criminal organization and U.S.-designated Foreign Terrorist Organization.
Secretary Bessent announced the move on the nation’s bulletin board, X.
Today’s action exposes Cartel del Noreste’s exploitation of the horse racing sector to launder illicit proceeds and finance cartel operations. This action marks Treasury’s most significant effort to date to disrupt Cartel del Noreste’s financial infrastructure. Treasury, in close coordination with our law enforcement partners, remains committed to protecting the U.S. financial system from misuse by violent cartels.
— Treasury Secretary Scott Bessent (@SecScottBessent) October 13, 2026
He writes:
Today’s action exposes Cartel del Noreste’s exploitation of the horse racing sector to launder illicit proceeds and finance cartel operations. This action marks Treasury’s most significant effort to date to disrupt Cartel del Noreste’s financial infrastructure. Treasury, in close coordination with our law enforcement partners, remains committed to protecting the U.S. financial system from misuse by violent cartels.