OFAC sanctions additional Mexican national linked to narcotics trafficking

Financial Crimes Of Interest to Non-US Persons Department of Treasury OFAC OFAC Sanctions OFAC Designations SDN List Mexico

On February 17, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced sanctions pursuant to Executive Order 14059 against a Mexican national for his role in facilitating various illicit activities in Puerto Vallarta, Jalisco, Mexico on behalf of the Cartel de Jalisco Nueva Generacion (CJNG). CJNG “uses this renowned tourist destination as a strategic stronghold not only for drug trafficking but also money laundering, extortion, kidnappings, and assassinations,” Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson stated. “Treasury will continue working with U.S. partners and the Mexican government to expose and disrupt CJNG, from its leadership to its facilitators.” The designated individual joins other previously designated businesses and individuals linked to CJNG for playing “critical roles in CJNG’s drug trafficking activities, including money laundering.” As a result of the sanctions, the designated individual’s property located in the U.S. or held by U.S. persons is blocked and must be reported to OFAC. Additionally, OFAC regulations generally prohibit U.S. persons from participating in transactions with the designated individual.