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The announcement was made during the 8th EU-Mexico summit, wherever Mexico and the EU signed a commercialized statement to alteration dependence connected the U.S. The 2 governments would beryllium focused connected cooperating to curb this benignant of crypto-linked illicit activity.
Key Takeaways
- After securing a €5B deal, Mexico and the EU volition adjacent collaborate to curb planetary crypto wealth laundering.
- The talks volition absorption connected targeting groups similar the Sinaloa Cartel, which usage crypto flows to launder wealth globally.
- Both governments volition adjacent beforehand a dialog to woody with crypto threats.
Mexico and the EU To Collaborate To Curb Crypto Money Laundering Activities
Even arsenic the usage of cryptocurrency assets and integer currency to launder wealth from illicit activities has grown, states are besides coming unneurotic to speech accusation and summation vigilance connected these flows.
Roberto Velasco Álvarez, Mexico’s Foreign Minister, and Kaja Kallas, Vice-President of the European Commission, revealed that the 2 countries are examining ways to collaborate to curb crypto wealth laundering activities crossed some jurisdictions.
The announcement was made during a property league astatine the 8th Mexico-EU Summit, wherever Mexico’s President, Claudia Sheimbaum, and Ursula von der Leyen, President of the European Commission, signed a commercialized statement that encompasses a €5 cardinal concern successful Mexico.
“Concerning information practice betwixt Mexico and the European Union, we person discussed contiguous however transgression organizations are conducting activities connected a planetary scale—such arsenic wealth laundering—and, of course, matters related to the usage of cryptocurrencies for these types of illicit activities,” Álvarez stated.
Furthermore, helium indicated that the 2 parties intended to “maintain a dialog and research opportunities for practice to face these threats and activities.”
Mexico’s and the EU’s collaboration is relevant, fixed that the Sinaloa Cartel, 1 of the largest cause trafficking organizations successful the occidental hemisphere, has activities successful Europe.
In May 2025, Europol and the French National Gendarmerie dismantled an enactment that produced and distributed methamphetamine with the coordination and assistance of the Sinaloa cartel. The radical besides operated utilizing cryptocurrency to facilitate their amerciable fiscal transactions.
Recently, the U.S. Office of Foreign Assets Control (OFAC) sanctioned six individuals and 2 companies for their engagement successful wealth laundering activities.
The radical received currency successful bulk from the merchantability of illicit drugs successful the U.S. and exchanged it for cryptocurrency to beryllium sent to the Sinaloa Cartel successful Mexico, according to the OFAC.
In July 2025, the DEA besides seized $10 cardinal successful cryptocurrency linked to cartel activities.
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