Los Chapitos' move this time is quite old-fashioned, cash → crypto → Mexico, after a long detour still falling into OFAC's hands.

OFAC announces sanctions against two money laundering networks related to the Sinaloa drug cartel, alleging they launder money by exchanging large amounts of cash in the United States for cryptocurrencies and transferring it back to Mexican elites. The networks are operated by Mexican brokers associated with the "Los Chapitos" faction, with core members including Armando de Jesus Ojeda Aviles and Jesus Gonzalez Penuelas. The sanctions require freezing related assets and prohibit U.S. citizens and businesses from engaging in transactions with them.