Treasury Secretary Janet Yellen on new fentanyl sanctions

Treasury Secretary Janet Yellen has announced sanctions aimed at clamping down on fentanyl trafficking. The sanctions are centered on members of the notorious La Nueva Familia Michoacana drug cartel and their organization's efforts to bring synthetic opiates — including fentanyl — and other illicit substances across the Southern border.

The Treasury also released new guidance to help banks identify and report suspicious transactions related to fentanyl manufacturing.

Yellen sits down with Scott Tong to discuss the announcement and the issues surrounding the fentanyl market.