FinCEN Updates: FinCEN Combats Financial Support to the Sinaloa Cartel by Finding Transactions Involving 10 Mexico-based Gambling Establishments to be of Primary Money Laundering Concern

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FinCEN Combats Financial Support to the Sinaloa Cartel by Finding Transactions Involving 10 Mexico-based Gambling Establishments to be of Primary Money Laundering Concern

Today, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued a finding and notice of proposed rulemaking (NPRM) that identifies transactions involving ten identified Mexico-based gambling establishments as a class of transactions to be of primary money laundering concern. FinCEN proposes to sever these gambling establishments' access to the U.S. financial system by imposing a special measure prohibiting covered financial institutions, as defined in the NPRM, from opening or maintaining a correspondent account for any foreign banking institution if such account is used to process transactions involving any of the following gambling establishments: (1) Emine Casino (San Luis Rio Colorado, Sonora); (2) Casino Mirage (Culiacan, Sinaloa); (3) Midas Casino (Agua Prieta, Sonora); (4) Midas Casino (Guamúchil, Sinaloa); (5) Midas Casino (Los Mochis, Sinaloa); (6) Midas Casino (Mazatlan, Sinaloa); (7) Midas Casino (Rosarito, Baja California); (8) Palermo Casino (Nogales, Sonora); (9) Skampa Casino (Ensenada, Baja California); and (10) Skampa Casino (Villahermosa, Tabasco). FinCEN assesses that these gambling establishments are ultimately controlled by a criminal group with a longstanding and transactional financial relationship in which they facilitate money laundering for the benefit of the Cartel de Sinaloa (Sinaloa Cartel), a national security threat that undermines the stability of the U.S. financial system.

This action was taken in coordination with the Government of Mexico and concurrently with Treasury's Office of Foreign Assets Control, who sanctioned persons in the criminal group responsible for laundering the proceeds of narcotics trafficking in collaboration with the Sinaloa Cartel, among other activities.

News Release: https://www.fincen.gov/news/news-releases/fincen-combats-financial-support-sinaloa-cartel-finding-transactions-involving

Notice of Proposed Rulemaking (as submitted to the Federal Register): https://www.fincen.gov/system/files/2025-11/FinCEN-311-Gambling-Establishments-NPRM.pdf

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