US Edition5 men charged in San Diego with allegedly laundering money for Sinaloa Cartel
- On Monday, the United States Treasury sanctioned six people and seven companies for allegedly laundering money for factions of Mexico's Sinaloa Cartel, which has been designated a foreign terrorist organization.
- The sanctions are part of an effort to target the financial operations of the Sinaloa Cartel, which profits from trafficking fentanyl into the United States.
- Those sanctioned allegedly used a network of front companies and shell corporations, often currency exchange businesses along the U.S.-Mexico border, and bulk cash pickups, to launder money.
- U.S. Treasury Secretary Scott Bessent stated that laundered drug money is the lifeblood of the Sinaloa Cartel's narco-terrorist enterprise and the government will use all available tools to target anyone who assists the cartels.
- The sanctions freeze the assets of the designated individuals and entities in the U.S. And make it illegal to conduct business transactions with them, with violators potentially facing sanctions themselves, as law enforcement officials say these measures provide more tools to target the cartels.
45 Articles
45 Articles
5 linked to Sinaloa Cartel charged with drug trafficking, money laundering
SAN DIEGO (FOX 5/KUSI) -- Five people with alleged ties to the Sinaloa Cartel have been charged with multiple drug trafficking and money laundering offenses, according to a news release by the United States Attorney's Office for the Southern District of California. The release stated two federal grand jury indictments were unsealed in San Diego Monday, naming Alberto David Benguiat Jimenez, 43, Israel Daniel Paez Vargas, 45, Salvador Diaz Rodrig…
Sinaloa Cartel 'cornered' by EU: Members of Mexico and China sanctioned for money laundering.
The U.S. Treasury Department imposed sanctions this Monday against three people in Mexico and China accused of laundering money and having criminal ties to the Sinaloa cartel.The sanctions targeted a man residing in Mexico, accused of hiding and collecting “drug-trafficking gains, before handing them over to cartel associates,” the Treasury reported in a statement. Sanctions were also imposed on two other men based in China for laundering illici…
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