U.S. Treasury Sanctions Sinaloa Cartel Operator Over Crypto Money Laundering on May 21

According to Bloomberg, the U.S. Treasury Department's Office of Foreign Assets Control sanctioned Armando de Jesus Ojeda Aviles and associates today (May 21), accusing them of laundering proceeds from the Sinaloa Cartel's fentanyl, cocaine, and methamphetamine sales through digital currency transfers. The network involved U.S.-based couriers collecting cash and converting it to cryptocurrency for transfers back to Mexico.
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