SECURITYTHE BLOCK
US sanctions Sinaloa Cartel-linked cash-to-crypto laundering network tied to fentanyl trafficking
The US Office of Foreign Assets Control (OFAC) has sanctioned a cash-to-cryptocurrency laundering network connected to the Sinaloa Cartel that was allegedly used to launder proceeds from fentanyl trafficking. The sanctions target the infrastructure used to convert illicit drug profits into digital assets.
Mentioned