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U.S. Sanctions Target Sinaloa Cartel's Money Laundering Networks

The Treasury Department freezes assets of six individuals and seven entities linked to the cartel, following its designation as a Foreign Terrorist Organization.

FILE - The Treasury Department building is seen, March 13, 2025, in Washington. (AP Photo/Alex Brandon, File)
Image
Mexican Navy soldiers escort Joaquin Guzman Loera (front), alias "El Chapo Guzman", leader of the Sinaloa Cartel, during his show up in front of the press, at the Mexican Navy hangar in Mexico City, capital of Mexico, on Feb. 22, 2014. Mexican President Enrique Pena Nieto on Saturday confirmed the capture of the world's most wanted drug lord, Joaquin Guzman Loera, known as El Chapo, in the Pacific resort of Mazatlan. (Photo by Jair Cabrera Torres/NurPhoto)

Overview

  • The U.S. Treasury sanctioned six individuals and seven entities tied to the Sinaloa Cartel for alleged money laundering operations.
  • These sanctions freeze U.S.-based assets of those designated and prohibit financial transactions with them.
  • The targeted individuals and entities used front companies and shell corporations, including currency exchange businesses, to launder drug proceeds.
  • This action follows the Trump administration's recent designation of the Sinaloa Cartel as a Foreign Terrorist Organization, enabling expanded legal tools to combat its operations.
  • The Sinaloa Cartel is a major trafficker of fentanyl into the U.S. and is linked to significant violence, including murder, kidnapping, and intimidation.