U.S. Slaps Sanctions on Suspected Drug Cartel Money Launderers in China, Mexico

Olivier DOULIERY / AFP

The U.S. Treasury Department on Monday imposed sanctions against three people in Mexico and China it accused of laundering money for the Sinaloa drug cartel.

The sanctions targeted a Mexico-based man named Diego Acosta Ovalle, whom the Treasury accused of “hiding and collecting drug trafficking proceeds before delivering them to associates of the cartel.”

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

OR

Already a subscriber? Log in Click Here to Learn More
by Eric Olander

Most Read

1
Developing Countries’ Debt Servicing Costs to China Are Significant, but Nowhere Near as Much as Other Creditors
2 Chinese Military Fans Discuss Why Indonesia Bought Rafale Instead of J-10C
3
Indonesia Begins $5.9 Billion Chinese EV Battery Project Despite Environment Fears
4
Chinese Cargo Planes Secretly Ferrying Supplies to Iran, Claim Online Sleuths
5
China, U.S. Ink Rare Earth Deal; More Trade Pacts Coming
6
Indonesia Goes Nuclear, Taps China and Russia for Modular Reactors

You Might Like

China Suspected of Ramping up Spying Capacity in Cuba: Report

China appears to have ramped up its capacity for espionage in Cuba, potentially giving Beijing a window to sensitive military data from Florida, a US think tank said. The Center for Strategic and ...

Mexican President Says He Has Proof of Fentanyl Smuggling From China

Mexican President Andres Manuel Lopez Obrador said Friday that he has proof that fentanyl is being smuggled into his country from China, contrary to Beijing’s denials. “We have the evidence. A cargo arrived ...

Illegal Chinese Migration to the U.S. Surges via Mexico

The number of Chinese nationals illegally crossing into the United States from Mexico is surging, according to new data from U.S. Customs and Border Protection. Last year, the total number of undocumented Chinese ...

Outcry Grows as U.S. Reduces Scrutiny of Chinese Entering U.S. From Mexico

Concerns are growing after U.S. Customs and Border Protection expedited the screening process for Chinese asylum seekers amid a record leap in such cases. The CBP slashed the number of questions it asks inbound Chinese ...

What is The China-Global South Project?

Independent

The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.

News

A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.

Analysis

Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.

Networking

A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.

More about CGSP