Summary
- Sunwest Bank, chaired by GOP Senate candidate Eric Hovde, received a $26.2 million cash transaction from Mexico-based Banco Azteca.
- Banco Azteca has been linked to criminal activity, including money laundering for drug cartels.
- Hovde defended the transaction as related to tourist activity and emphasized his bank’s compliance measures.
- Hovde’s business dealings with foreign governments have also drawn scrutiny in his campaign against Sen. Tammy Baldwin.
