Sanction for laundering money from the Sinaloa Cartel

WASHINGTON (EFE).— The U.S. Treasury Department on Monday imposed sanctions once morest three individuals in Mexico and China accused of money laundering and criminal ties to the Sinaloa Cartel (CDS).

The sanctions targeted a man living in Mexico accused of concealing and collecting “drug trafficking proceeds before delivering them to cartel associates,” the Treasury said in a statement.

Sanctions were also imposed on two other men based in China for laundering illicit drug proceeds belonging to the Mexican criminal organization, the statement added.

As a result, all property of sanctioned individuals located in the United States or in the possession of U.S. persons will be blocked.

The action was coordinated with the Mexican government as part of efforts by both countries to eradicate the financing that supports the flow of fentanyl to the United States.

The Sinaloa Cartel, according to the United States, is the “most powerful drug trafficking organization in the world” and largely responsible for the production and manufacturing of fentanyl for distribution in the neighboring country, where this drug, considered 50 times more potent than heroin, is “the leading cause of death among Americans aged 18 to 49.”

Related news