US authorities have indicted a brother-sister duo for laundering over $42 million of drug trafficking proceeds through the US.
During 2015-19, the two used 85 US bank accounts in the name of over 22 shell companies based in California to deposit drug trafficking proceeds. The duo then layered the deposits over multiple accounts and transferred the money to accounts held in Mexico-based banks.
The authorities have alleged that the siblings laundered $42,276,668. Of these funds, they transferred nearly 95% to Mexico, keeping the rest as commission for their services.
Source: US Department of Justice