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Cambodia-US operation uncovers money laundering link to Sinaloa Cartel
Authorities said the network laundered money for the Sinaloa Cartel and seized over 200 kilograms of drugs and precursor chemicals.
- On Friday, Cambodian and U.S. anti-drug agencies uncovered a network laundering money for the Sinaloa Cartel, seizing about $7 million in cryptocurrency during raids at four locations from Aug. 1 to 5 in Phnom Penh and Kandal province.
- Collaborative efforts between DEA offices in Phnom Penh and New Jersey successfully uncovered the operation, targeting a conglomerate the Trump administration designated a "foreign terrorist organization."
- Authorities also confiscated 440 pounds of illegal drugs and 2,200 pounds of precursor chemicals used to produce them, while police made several arrests and seized drug laboratories and storage facilities.
- Over the past year, Cambodia has intensified crackdowns on criminal operations, shutting down scam centers and arresting several alleged kingpins who often employ thousands of foreigners in slave-like conditions.
- The United Nations Office on Drugs and Crime identified Latin American cartels as key actors in Southeast Asia, with the region now functioning as a supply, financial management, and logistics hub for multiple criminal organizations.
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11 Articles
11 Articles
Coverage Details
Total News Sources11
Leaning Left6Leaning Right0Center5Last UpdatedBias Distribution55% Left
Bias Distribution
- 55% of the sources lean Left
55% Left
L 55%
C 45%
Factuality
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