OFAC continues to work closely with the Drug Enforcement Administration in its narcotics sanctions investigations to expose front companies and corrupt individuals controlled by the drug cartels in Mexico .

I don't believe it's going to affect the actual car sale. It's going to actually give the consumer the true mileage when they're looking at the real label, which is going to give them the information they're looking for. So I think in the end, it's going to help.

We're acting to protect the US financial sector from this network's tainted drug profits, as well as ensure Wei and his cohorts can't use the American financial system to move or launder their opium proceeds.

At the same time, we need to ensure that we do not impose regulatory requirements on the industry without the promise of real anti-money laundering and anti-terrorist funding benefits.

Today's action deals another blow to the notorious Mexican drug cartels by targeting their financial webs, ... In addition, we're utilizing critical authorities that allow us to freeze assets while we further investigate their potential ties to Mexican drug kingpins.

If we can identify data in cross-border wire transfer records that helps protect economic and national security and find a workable way to efficiently collect the data ... it will enormously strengthen our efforts.

This case, which involved tens of millions of dollars in unreported suspicious financial transactions, including more than $10 million in suspected drug proceeds, is an example of serious and systematic violations of BSA requirements.