Banking

Recent news from Treasury’s Office of Foreign Assets Control: July 13

OFAC took sanctions action over the recently in the Balkans and Illicit Drug Trade programs:

Balkans-associated Sanctions

  • OFAC Designates Corrupt Serbian Official: OFAC on July 11 approved a Serbian federal government main pursuant to Executive Order 14033 for being accountable for, or complicit in corruption associated to the Western Balkans. OFAC designated the Director of the Security Information Agency of Serbia, Aleksandar Vulin for his function in multinational the mob, prohibited narcotics operations, and abuse of public workplace. Specifically, Vulin has actually kept a relationship with U.S.-designated Serbian arms dealership Slobodan Tesic, assisting make sure that Tesic’s prohibited arms deliveries can move easily throughout Serbia’s borders. OFAC’s classification forbids deals with the designee and freezes any properties he might have under U.S. jurisdiction. Read more.

Drug-associated Sanctions

  • OFAC Sanctions Fentanyl Network Run by Key Sinaloa Cartel Family Members: OFAC on July 12 approved 10 people, consisting of numerous Sinaloa Cartel members and fugitives, in addition to one Mexico-based entity, import/export business REI Compania Internacional, S.A. de C.V. pursuant to Executive Order 14059. E.O. 14059 enforces sanctions on foreign people associated with the worldwide illegal drug trade. The designees are connected with Sinaloa, Mexico-based precursor chemical providers and bros, Ludim and Luis Alfonso Zamudio Lerma, and run under the Los Chapitos faction of the Sinaloa Cartel. Read more. See the recognizing info on the designees.

Gabriel

A news media journalist always on the go, I've been published in major publications including VICE, The Atlantic, and TIME.

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