WASHINGTON (Sputnik) — The Treasury Department has frozen the sanctioned entities’ assets in the United States, or their assets under control of US persons, and has forbidden US citizens from engaging in transactions with them.
"Today, the US Department of the Treasury's Office of Foreign Assets Control (OFAC) designated 15 Mexican businesses and six Mexican individuals as Specially Designated Narcotics Traffickers pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act)."
The Mexican entities and individuals provided financial support and services for the Los Cuinis Drug Trafficking Organization and its leader, Abigael Gonzalez Valencia, according to the release.
"The Los Cuinis Drug Trafficking Organization is one of the most powerful and violent drug cartels in Mexico and today’s designation marks the first step in dismantling its significant business network," OFAC Acting Director John Smith said.
Smith added that the sanctioned businesses and individuals “will no longer be able to operate under the veil of legitimacy.”
