By PAUL O’DONOGHUE, Senior Correspondent
THE U.S. has sanctioned a money laundering operation linked to Mexico’s Sinaloa Cartel after authorities accused it of using cryptocurrency to move fentanyl proceeds across the U.S.-Mexico border.
The sanctions, announced by the Office of Foreign Assets Control, target more than a dozen people and entities tied to two cartel networks. One network trafficked fentanyl into the U.S., while the other used crypto to launder proceeds from its sale.
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