US sanctions Sinaloa Cartel associates for alleged money laundering

The United States Treasury sanctioned six people and seven companies Monday for alleged money laundering for factions of Mexico’s Sinaloa Cartel, underscoring the group’s new designation as a foreign terrorist organization under the Trump administration.

The designation aimed at “targeting the financial operations” of the cartel, which has raked in money by trafficking fentanyl to the United States, came as part of an investigation by U.S. and Mexican government agencies.