The Daily Delta - Canadian AML & Financial Crime News
September 11, 2026
Featured
U.S. Department of Justice
U.S. prosecutors have charged Colombian national William Andres Holguin Mendez with participating in an alleged US$135 million money laundering conspiracy involving drug proceeds and cryptocurrency. The indictment alleges that proceeds from narcotics sales were deposited into bank accounts held by shell companies, moved to a U.S.-based cryptocurrency exchange, converted into stablecoins and transferred to a foreign crypto exchange before being converted into Colombian pesos and distributed to 207 Colombian bank accounts. KYC records at both cryptocurrency exchanges identified Holguin Mendez as the sole owner of the relevant accounts, which prosecutors say processed approximately US$135 million between March 2023 and May 2024. He faces up to 20 years in federal prison and is detained pending trial; the charge remains an allegation.
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