The US Treasury Department delivered a devastating blow to the Sinaloa Cartel, sanctioning six individuals and seven entities involved in a money laundering network, as announced by Secretary Scott Bessent.
These sanctions, aimed at dismantling the cartel’s financial operations, target a network of front companies and shell corporations operating along the US-Mexico border, using currency exchange businesses and bulk cash transfers.
The Sinaloa Cartel, designated as a foreign terrorist organization under the Trump administration, is responsible for trafficking massive amounts of fentanyl into the US, a poison that has killed thousands of citizens and destroyed families.
Bessent stated that laundered money is the “lifeblood” of this “narco-terrorist enterprise,” vowing to use every available tool to punish those who support these criminals.
This move adds to Trump’s pressure on cartels, who weeks ago classified Sinaloa and seven other Hispanic America criminal groups as terrorist organizations, although analysts doubt this will enable direct military action in Mexico.
Hellbound and Down 