Mexican drug traffickers launder 25 billion dollars a year

March 11, 2022

Mexican cartels launder around 25 billion dollars a year, according to a report released today by a UN body responsible for ensuring compliance with international drug treaties.

The International Narcotics Control Board ( INCB ) released its annual report this Thursday in Vienna, where it analyzes the flows of illicit money for criminal activities.

"It is believed that, in Mexico alone, Mexican cartels launder some 25 billion dollars a year," the report says, noting that criminal groups are increasingly using cryptocurrencies and other opaque digital tools to avoid being tracked.

"The use of bitcoin to . . .

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