US Treasury sanctions key Sinaloa Cartel networks for facilitating fentanyl trafficking and laundering drug proceeds through cryptocurrencies, front companies, and cross-border cash networks

The measures target two interconnected networks accused of converting bulk U.S. drug cash into cryptocurrency for transfer to cartel leaders in Mexico, alongside laundering operations involving shell businesses, security firms, restaurants, and money brokers. Treasury also highlights the expanding role of digital assets and cross-border financial facilitators in cartel operations, warning that foreign financial institutions engaging in significant transactions for designated persons may face secondary sanctions exposure…