Secretary Yellen Announces Sanctions Against Top Leaders of Mexico’s La Nueva Familia Michoacana Drug Cartel, New Fentanyl Advisory

*OFAC sanctions target powerful cartel trafficking fentanyl into the United States **FinCEN Advisory provides crucial information to help financial institutions track illicit fentanyl financial flows *WASHINGTON — Today, alongside law enforcement leaders in Atlanta, Georgia, Secretary Yellen announced that the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned eight Mexico-based targets affiliated with La Nueva Familia Michoacana drug cartel for trafficking fentanyl, cocaine, and methamphetamine into the United States. In addition to narcotics trafficking, La Nueva Familia Michoacana smuggles migrants from Mexico into the United States. La Nueva Familia Michoacana is one of the most powerful and violent cartels in Mexico and has become a priority focus of the Mexican government in recent years.Concurrently, Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a Supplemental Advisory to highlight critical new information to help U.S.