Cambodia-US operation uncovers money laundering link to Sinaloa Cartel
Authorities said the network laundered money for the Sinaloa Cartel and seized over 200 kilograms of drugs and precursor chemicals.
- On Friday, Cambodian and U.S. anti-drug agencies uncovered a network laundering money for the Sinaloa Cartel, seizing about $7 million in cryptocurrency during raids at four locations from Aug. 1 to 5 in Phnom Penh and Kandal province.
- Collaborative efforts between DEA offices in Phnom Penh and New Jersey successfully uncovered the operation, targeting a conglomerate the Trump administration designated a "foreign terrorist organization."
- Authorities also confiscated 440 pounds of illegal drugs and 2,200 pounds of precursor chemicals used to produce them, while police made several arrests and seized drug laboratories and storage facilities.
- Over the past year, Cambodia has intensified crackdowns on criminal operations, shutting down scam centers and arresting several alleged kingpins who often employ thousands of foreigners in slave-like conditions.
- The United Nations Office on Drugs and Crime identified Latin American cartels as key actors in Southeast Asia, with the region now functioning as a supply, financial management, and logistics hub for multiple criminal organizations.
23 Articles
23 Articles
The anti-drug agencies of Cambodia and the United States discovered a network that, according to authorities, used cryptocurrencies to launder money for the Mexican Sinaloa cartel, announced officials from both countries. Meas Vyrith, Secretary-General of the National Anti-Drug Authority of Cambodia, told the Associated Press agency this Friday that his office confiscated about $7 million ($5.9 million) in cryptocurrencies linked to the Sinaloa …
(Hanoi=Yonhap News) Correspondent Park Jin-hyung = Mexico's notorious largest drug cartel, the Sinaloa Cartel, was caught laundering money using cryptocurrency in Cambodia.
Authorities from Cambodia and the United States discovered a network that allegedly used cryptocurrencies to launder money related to the Sinaloa Cartel.The operation allowed the confiscation of about $7 million in cryptocurrencies, as well as drugs, chemical precursors and other assets linked to the investigations.Operations were carried out in Phnom Penh and Kandal province, where authorities also reported arrests and facilities related to ill…
Anti-drug agencies in Cambodia and the United States discovered a network that, according to authorities, uses cryptocurrencies to wash money for the Sinaloa Cartel, officials from both countries reported on Friday.Meas Vyrith, general secretary of the National Drug Control Authority of Cambodia, told The Associated Press that his office confiscated about $7 million in cryptocurrencies linked to the Sinaloa Cartel, a powerful criminal conglomera…
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