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US sanctions Sinaloa Cartel-linked cash-to-crypto laundering network tied to fentanyl trafficking

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The Block Editorial
(08:45 AM UTC)
1 min read
DK
Reviewed byDavid Kim
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The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned more than a dozen individuals and entities tied to two Sinaloa Cartel-linked networks, including one operation accused of converting fentanyl and other drug proceeds into cryptocurrency on behalf of the cartel.

Among those designated are Armando de Jesus Ojeda Aviles, identified by OFAC in a statement as the head…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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The Block Editorial · The Block

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