Skip to main content
Menu Icon
Close

InfoBytes Blog

Financial Services Law Insights and Observations

Filter

Subscribe to our InfoBytes Blog weekly newsletter and other publications for news affecting the financial services industry.

  • OFAC sanctions drug traffickers

    Financial Crimes

    On February 10, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced sanctions pursuant to Executive Order 14059 against two individuals for materially contributing to the illicit activities of major Mexican cartels to traffic drugs into the U.S. According to OFAC, the action, which was the result of collaboration between OFAC and the Drug Enforcement Administration, provides that all property and interests in property of sanctioned individuals in the U.S. or in the possession or control of U.S. persons must be blocked and reported to OFAC. OFAC notes that its regulations generally prohibit all transactions by U.S. persons that involve any property or interests in property of designated or otherwise blocked persons.

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

Upcoming Events