Remarks by Secretary of the Treasury Janet L. Yellen at Press Conference in Atlanta, Georgia

As Prepared for Delivery Good morning. I’m here in Atlanta today with the Drug Enforcement Administration and the U.S. Attorney’s Office to announce two important actions we are taking to combat the opioid crisis. First, Treasury’s Office of Foreign Assets Control has sanctioned eight targets affiliated with La Nueva Familia Michoacana, a notorious Mexican criminal organization that traffics fentanyl and other lethal drugs into the United States—including to Georgia. Second, Treasury’s Financial Crimes Enforcement Network has issued a new advisory for financial institutions to help them detect financial flows that fuel the illicit fentanyl supply chain. This is critical to enabling law enforcement and sanctions actions against fentanyl traffickers. Let me further explain why these actions matter and put them in the context of President Biden’s and Treasury’s broader counternarcotics strategy. I.