Recent disclosures of alleged trade-based money laundering schemes perpetrated by Mexico's Los Zetas drug cartel demonstrates the group's growing ability to diversify their methods of illicit finance, say sources. On Wednesday, the U.S. Department of the Treasury's Office of Foreign Assets Control announced the Kingpin Act designation of ADT Petroservicios, S.A. De C.V., an oil services company owned by alleged narcotics trafficker and Los Zetas associate Francisco Antonio Colorado Cessa. The designation blocks U.S. banks and persons from engaging in transactions with the company and freezes its U.S. assets. The sanctions also follow the U.S. Justice Department indictment of Cessa...
Federal investigators believe that sales of synthetic cannabinoid products could have links to terrorist financing and criminal syndicates, according to a DEA assistant special agent in charge.
A list of alleged Mexican drug traffickers could aid anti-money laundering departments in identifying suspicious transactions, say compliance officers.
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