Regulatory Alerts2024-06-20
Supplemental Advisory on the Procurement of Precursor Chemicals and Manufacturing Equipment Used for the Synthesis of Illicit Fentanyl and Other Synthetic Opioids
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued this advisory to urge financial institutions to identify and report suspicious activity related to the procurement of fentanyl precursor chemicals and manufacturing equipment. The document highlights a shift in the illicit supply chain where Mexico-based transnational criminal organizations purchase these items from suppliers in the People’s Republic of China to synthesize illicit drugs in Mexico. FinCEN requests that institutions reference this advisory in Suspicious Activity Reports by including the key term “FENTANYL FIN-2024-A002” to aid law enforcement in disrupting the fentanyl trade.
Share