Jimenez Castro was named as operating a money laundering organization that uses virtual currency to transfer proceeds to cartel leaders.
Jimenez Castro was named as operating a money laundering organization that uses virtual currency and wire transfers to send proceeds to Sinaloa Cartel leaders.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.The Department of the Treasury's Office of Foreign Assets Control sanctioned a member of Mexico's Sinaloa Cartel it said used an Ethereum wallet to move funds connected to the smuggling of fentanyl into the U.S.
Jimenez Castro was named as operating a money laundering organization that uses virtual currency and wire transfers to send proceeds to Sinaloa Cartel leaders, the Treasury said in a"Jimenez Castro has directed U.S.-based couriers to pick up cash in the United States and deposit it into various virtual currency wallets for payment directly to the Chapitos and for reinvestment in fentanyl production," it said.
The Los Chapitos faction of the Sinaloa Cartel is responsible for a significant portion of the illicit fentanyl and other deadly drugs trafficked into the U.S., the Treasury said.Castro was added to OFAC's list of Specially Designated Nationals, effectively freezing any assets in the U.S. and barring U.S. persons from dealings with him.
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