US sanctions Sinaloa cartel-linked Ethereum addresses
OFAC sanctioned six Ethereum addresses linked to a Sinaloa Cartel money laundering network allegedly converting drug proceeds into crypto.
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The U.S. Treasury has sanctioned two networks linked to the Sinaloa Cartel over allegations that they used cryptocurrency transactions to move fentanyl trafficking proceeds. According to the U.S. Department of the Treasury, the sanctions announced Wednesday were carried out through…
Read full articleOFAC sanctioned six Ethereum addresses linked to a Sinaloa Cartel money laundering network allegedly converting drug proceeds into crypto.
The Treasury's crypto sanctions highlight the growing regulatory focus on digital assets, impacting compliance burdens and industry practices. The post US Treasury sanctions Sinaloa Cartel-linked network for crypto laundering appeared first on Crypto Briefing.
The crackdown on cash-to-crypto networks highlights increasing regulatory scrutiny, potentially tightening compliance for crypto businesses globally. The post US Treasury sanctions Sinaloa Cartel-linked cash-to-crypto network appeared first on Crypto Briefing.
The US Treasury announced on Wednesday a fresh round of sanctions targeting the Sinaloa Cartel, citing growing evidence that elements of the organization are using crypto to support fentanyl trafficking and launder drug proceeds. Crypto To Move Fentanyl Proceeds Treasury noted that the Sinaloa Cartel is among the oldest and most powerful drug trafficking groups […]
The sanctions highlight the growing regulatory scrutiny on crypto's role in illicit finance, impacting industry compliance and policy debates. The post US Treasury sanctions Sinaloa Cartel over crypto-fueled fentanyl trafficking appeared first on Crypto Briefing.
Members linked to the Sinaloa Cartel responsible for turning cash from drug proceeds into crypto were added to the sanctions list.
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