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U.S. Treasury Dept OFAC sanctions nine Mexican nationals for supporting powerful drug cartels

October 28, 2016  |  Posted by: JammedUp Staff
U.S. Treasury Dept OFAC sanctions nine Mexican nationals for supporting powerful drug cartels

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The United States Department of Treasury’s Office of Foreign Assets Control sanctioned nine Mexican nationals with ties to Mexico’s most powerful drug cartel alliance under the so-called “Kingpin Act.”

Treasury Dept. officials said in a statement on Thursday, the nine individuals were designated for providing material assistance to the leaders of the violent Jalisco New Generation drug cartel (CJNG) and the group’s financial arm, the Los Cuinis Drug Trafficking Organization (DTO).

Thursday’s actions enabled the U.S. authorities to freeze any assets the nine suspects may have within the jurisdiction of the United States government and prohibits any Amercian citizens from engaging in transactions with the designated individuals.

“Today’s action strikes at the inner circles of CJNG and the Los Cuinis DTO, said John Smith, Acting Director of Treasury Department’ s Office of Foreign Assets Control.

“By targeting the complicit family members of Nemesio Oseguera Cervantes and Abigael Gonzalez Valencia and other key players in their drug trafficking operations,” Smith said.

He added, “We will continue to work closely with the Mexican private sector in our efforts to expose, isolate, and disrupt the finances of Mexican cartels.”

The OAFC also designated two additional individuals on Thursday for supporting drug trafficking activities for both criminal organizations.

The US government said that while it had previously sanctioned several companies for their links with the cartels, they continue to operate businesses, such as shopping malls and hotels in Plaza Los Tules in Zapopan, Jalisco, and Xaman Ha Center in Playa del Carmen, Quintana Roo.

A 2015 DEA report identified Abigael Gonzalez Valencia as the world’s richest drug trafficker.

Mexican authorities arrested Gonzalez-Valencia who built a fortune by cornering the European methamphetamine market in Puerta Vallarta back in February 2015.

The capture of Gonzalez-Valencia’s brother-in-law Nemesio Oseguera Cervantes, also known as “El Mencho,” remains the top priority objective of the Mexican government.

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