Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated six individuals and seven entities involved in a money laundering network supporting the Sinaloa Cartel, one of the most notorious and violent drug trafficking organizations in the world, and a U.S.-designated Foreign Terrorist Organization (FTO).
The Sinaloa Cartel is responsible for a significant portion of the illicit fentanyl and other deadly drugs trafficked into the United States and has exploited multiple ports of entry along the southern border for its criminal activities. Today’s action is the culmination of a coordinated investigation by the U.S. Attorney’s Office for the Southern District of California, the Drug Enforcement Administration, the Federal Bureau of Investigation, Internal Revenue Service – Criminal Investigations, Homeland Security Investigations, and the Government of Mexico, including the Unidad de Inteligencia Financiera, Mexico’s Financial Intelligence Unit.
“Laundered drug money is the lifeblood of the Sinaloa Cartel’s narco-terrorist enterprise, only made possible through trusted financial facilitators like those we have designated today,” said US Treasury @SecScottBessent . “Treasury, as part of a whole-of-government approach to addressing this pressing national security threat, will use all available tools to target anyone who assists the cartels in furthering their campaign of crime and violence.”
Source by Treasury Department
