US Treasury Sanctions Sinaloa Cartel Associates Over Crypto Cash Laundering

US Treasury Sanctions Sinaloa Cartel Associates Over Crypto Cash Laundering

These people and entities lead networks that launder the proceeds of fentanyl and different narcotics trafficking actions for the Sinaloa Cartel. The US Treasury Division’s Workplace of International Property Management (OFAC) has enforced sanctions towards people and entities linked to a Mexican cartel that’s trafficking illicit medication and laundering the proceeds by way of cryptocurrency…

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JPMorgan, Mastercard Make US Treasury Switch on XRP Ledger

JPMorgan, Mastercard Make US Treasury Switch on XRP Ledger

Wall Road financial institution JPMorgan and bank card large Mastercard stated they’ve accomplished the primary cross-border, cross-bank redemption of a tokenized US Treasury fund, working with Ripple’s XRP Ledger and interbank settlement rails. The pilot transaction concerned blockchain tokenization platform Ondo Finance redeeming the US Ondo Brief-Time period US Authorities Treasuries (OUSG) fund for Ripple…

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