The US Treasury's OFAC has sanctioned over a dozen individuals and entities linked to the Sinaloa cartel, including six Ethereum addresses, for their alleged involvement in laundering fentanyl trafficking profits through cryptocurrencies.
The US Treasury's OFAC has sanctioned over a dozen individuals and entities linked to the Sinaloa cartel, including Ethereum addresses, for their alleged involvement in laundering fentanyl trafficking profits through cryptocurrencies.
The US Justice Department announced the indictment of two Chinese nationals, Ruhuan Zhen and Hongce Wu, for allegedly laundering money for drug cartels like the Sinaloa Cartel and CJNG. They remain at large.
The US Treasury's OFAC sanctioned six Ethereum addresses tied to a Sinaloa Cartel money laundering network. The network allegedly converted drug proceeds into cryptocurrency, highlighting sanctions compliance risks for crypto firms.
The US Treasury sanctioned individuals and entities tied to the Sinaloa Cartel's crypto-facilitated fentanyl trafficking. Six Ethereum addresses were also targeted.
Two former Sinaloa state officials, members of Mexico's ruling Morena party, surrendered to US authorities over alleged ties to the Sinaloa cartel. President Claudia Sheinbaum faces mounting pressure as these officials face charges for aiding drug importation into the US.
Former Sinaloa, Mexico, Secretary of Public Security Gerardo Mérida Sánchez appeared in a Manhattan federal court Friday on charges of aiding the Sinaloa Cartel. Arrested in Arizona after allegedly crossing from Mexico, he faces decades in prison if convicted.
Former Sinaloa, Mexico security chief Gerardo Mérida Sánchez appeared in a U.S. court Friday, facing charges of taking bribes from "Los Chapitos" to aid drug smuggling. He is one of 10 officials indicted, with others including a governor and mayor.
