One of the individuals sanctioned laundered $50 million by using front companies and shell corporations to obscure the origins of the money it moved from the United States.

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 US Treasury Department sanctioned six people and seven businesses it said have been involved in a money laundering operation supporting the Sinaloa Cartel in Mexico.