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Mexico Freezes Bank Accounts of 153 People Linked to Six Drug Cartels in Michoacán

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“MX” for Borderland Beat

Police officers patrol a road after other officers were ambushed by cartel gunmen in Michoacan, currently one of the most violent states in Mexico. 
Mexico’s Financial Intelligence Unit (UIF) froze the bank accounts of 153 cartel members and collaborators from six criminal groups based in Michoacan.

The UIF said that these groups are involved in money laundering and have used drug proceeds to fuel extortions, murders, and kidnappings throughout the state. Many of the individuals sanctioned are being investigated by the US Drug Enforcement Administration (DEA).

Mexican media outlet Milenio confirmed that in recent weeks the federal security cabinet headed by President Andrés Manuel López Obrador (AMLO) has intensified talks with states like Michoacan to redouble their public security efforts.

In the case of Michoacán, the federal security cabinet’s operation was carried out an investigation with the UIF and the State Attorney General’s Office (FGE) to track down dozens of cartel members and collaborators.

Officials with knowledge of the investigations confirmed that the 153 people identified were part of the Jalisco Nueva Generación Cartel (CJNG), the Knights Templar, La Familia Michoacana (LFM), Los Viagra, the United Cartels (CU), and an independent cell linked to the Beltrán Leyva Organization (BLO).

The names of the individuals or the banks they used were not released to the press.

Both federal and state authorities tracked the movements of these groups for weeks and detected connections to the Mexican financial system, which led the UIF to request the National Banking and Securities Commission (CNBV) to order the immediate freezing of these accounts.
Sources: Milenio


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