US DOJ sentences the leader of a Colombian transnational drug ML network to 5 years in prison and $1.2M forfeiture – a major win against sophisticated cross-border criminal finance operations

Michael Nunez Daza, alias “Luky,” was convicted of leading a money-laundering organisation operating across Colombia, Mexico and the United States, which orchestrated bulk cash pickups of drug profits in U.S. cities, funneled these funds into U.S. bank accounts under false names and then transferred equivalent value in pesos to Colombia. He is sentenced to 60 months’ imprisonment, ordered to forfeit $1.2 million, and his case illustrates the DOJ’s cross-border enforcement focus on dismantling financial infrastructures that underlie international narcotics trafficking…