The U.S. Department of the Treasury announced new sanctions against people linked to the Sinaloa cartel as well as companies accused of laundering money for the criminal organization.
Concretely, the Treasury Department said the six individuals and seven companies listed used a "network of front companies and shell corporations" to launder money by using currency exchange businesses along the U.S.-Mexico border. The sanctions are part of an ongoing investigation by U.S. and Mexican government agencies targeting the cartel's financial operations.
