Many banks are involved. A Dutch bank had been caught in 2018 laundering money for the Mexican drug trade, and trying to cover it up. Rabobank had been fined $369 million in the US.
Mexican drug cartels and Wachovia Bank: US$380 billion
Once one of the largest banks in the United States, Wachovia agreed to a US$160 million settlement for its role in the laundering of proceeds from illegal narcotics sales.
The bank was also sanctioned for its failure to apply anti-money laundering restrictions, which led to it processing US$378.4 billion from Mexico into the US banking system.
Investigations by US law enforcement authorities found that some of the money laundered through Wachovia was spent on buying aircraft, which were then used for drug trafficking.
