Treasury Targets Cartel del Noreste’s Horse Racing Enterprise and Expansive Criminal Network

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

… coordination with our law enforcement partners, remains committed to protecting the U.S. financial system from misuse by violent cartels.