The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) announced sanctions against more than a dozen individuals and entities linked to two networks associated with the Sinaloa Cartel in Mexico. One money laundering network is accused of converting cash proceeds from the cartel's fentanyl and other drug sales into cryptocurrency. OFAC noted that this network collects large amounts of cash across the U.S. and converts it into cryptocurrency, which is then sent back to the cartel leadership in Mexico. Additionally, the fugitive leader of a separate drug trafficking and money laundering organization, Jesus Gonzalez Penuelas, is also on the sanctions list. (TheBlock) https://www.(wublock123.com)/news/news-61447