Mexican Cartels launder money with cryptocurrencies, concerts and timeshares
17 hours ago
- #cartels
- #cryptocurrency
- #money-laundering
- Mexican cartels are using cryptocurrencies, concerts, and timeshares for money laundering.
- Cryptocurrencies are favored for their ability to move funds internationally while hiding user identities.
- Cases in 2025 show cartels like Sinaloa using cryptocurrencies to launder millions of dollars.
- Music promotion companies and singers are also implicated in laundering cartel profits.
- Timeshare scams in Mexico target American retirees, with cartels like Jalisco New Generation involved.
- Over 6,000 Americans have lost $300 million to timeshare scams since 2019.
- Authorities struggle to keep up with evolving money laundering methods used by cartels.