According to Bloomberg, the U.S. Department of the Treasury announced sanctions against an individual accused of money laundering for the Sinaloa drug trafficking cartel and their associated network. The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury stated that the network is suspected of transferring proceeds from the sale of fentanyl, cocaine, and methamphetamine back to Mexico through cryptocurrency channels, relying on cash couriers within the United States and digital currency addresses to complete fund transfers. The documents also show that the individual Rodrigo Alarcon Palomares was indicted by a federal grand jury in Colorado in April 2024, suspected of laundering drug proceeds through cryptocurrencies.