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Cambodia-U.S. operation uncovers money laundering link to Sinaloa cartel

News Snapshot:

PHNOM PENH, Cambodia — Cambodian and U.S. anti-drug agencies have uncovered a network that authorities say uses cryptocurrency to launder money for Mexico’s notorious Sinaloa cartel, officials from both countries said Friday.Meas Vyrith, secretary-general of Cambodia’s National Authority for Combating Drugs, told the Associated Press that his office had confiscated about $7 million in cryptocurrency linked to the Sinaloa cartel, a powerful criminal conglomerate designated a “foreign terrorist organization” by the Trump administration.He said Cambodian anti-drug police working with the U.S. Drug Enforcement Administration also made several arrests and seized assets, drug laboratories and storage facilities. Authorities also confiscated over 440 pounds…

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