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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.”

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