Family on US kingpin list for money laundering

AP News
Posted: Apr 10, 2014 7:43 PM

MEXICO CITY (AP) — The U.S. Treasury Department says it is imposing sanctions on five members of a Mexican family for allegedly laundering money for fugitive drug lord Rafael Caro Quintero and another Sinaloa drug cartel leader.

The department's Office of Foreign Assets Control said in a statement Thursday that it is acting under the U.S. Kingpin Act against three cousins and two sisters-in-law of Mauricio Sanchez Garza. Sanchez Garza was indicted in San Antonio with one count of conspiracy to launder money.

The department says the family used its real estate operations and networks in Zapopan, Jalisco to launder money for Caro Quintero and Sinaloa cartel leader Juan Jose Esparragoza Moreno.

A listing bars U.S. citizens from having business transactions with that person and allows authorities to freeze their assets in the U.S.