Colombia and the United States jointly dismantle CJNG’s cryptocurrency money laundering network, involving over $190 million

According to CriptoNoticias, citing Colombia’s El Tiempo newspaper, Colombian and U.S. law enforcement agencies jointly conducted an operation that successfully dismantled a transnational cryptocurrency money laundering network linked to Mexico’s Jalisco New Generation Cartel (CJNG). Since 2023, the network has laundered over $190 million in illicit funds via cryptocurrency channels; multiple crypto wallets and cash were seized on-site. Investigations revealed that the network routinely employed techniques such as fund fragmentation, dispersal of transfers across multiple wallets, cross-jurisdictional fund movement, and token swapping to evade detection. Authorities have not yet disclosed details—including specific cryptocurrencies involved, trading platforms used, or the number of arrests made—and the investigation remains ongoing.