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.
