U.S. DOJ sentences a Mexican national for a multimillion-dollar trade-based ML scheme that moved drug proceeds from the US to Mexico through the black-market peso exchange system

Gabriel Arturo Castillo was sentenced to 48 months after participating in a black-market peso exchange that converted US drug proceeds into value for Mexican cartels without physically transporting the money across the border. The scheme used drug cash to fund purchases of US goods, including perfume, which were exported to Mexico; Mexican businesses then paid equivalent peso amounts to the drug-trafficking organisations…