FEA Press Release June 18, 2024
Washington – The Justice Department an
nounced a 10-count superseding indictment
charging Los Angeles-based associates of Mex
ico’s Sinaloa drug cartel with conspiring with
money-laundering groups linked to Chinese
underground banking to launder drug traffick
ing proceeds. During the conspiracy, more than
$50 million in drug proceeds flowed between
the Sinaloa Cartel associates and Chinese un
derground money exchanges.
Following close coordination with the Justice
Department, Chinese and Mexican law enforce
ment informed United States authorities that those
countries recently arrested fugitives named in the
superseding indictment who fled the United States
after they were initially charged last year.
Read the complete article: Money Laundering