DEA NEWS: Treasury Targets Leading Figures of Sinaloa Cartel : RushPRNews - Newswire & Global Press Release Distribution

 
Bookmark and Share

DEA NEWS: Treasury Targets Leading Figures of Sinaloa Cartel

May 8, 2012

DEA NEWS: Treasury Targets Leading Figures of Sinaloa Cartel
Justice News - Press releases and Speeches

WASHINGTON, DC (rushPRnews) 05/08/12 — The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced the designation of four key Sinaloa Cartel operatives, including two sons of Sinaloa drug lord Joaquin “Chapo” Guzman Loera. Today’s action, pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act), prohibits U.S. persons from conducting financial or commercial transactions with these four individuals, and also freezes any assets they may have under U.S. jurisdiction.


Today’s action would not have been possible without the support of the Drug Enforcement Administration (DEA). “In order to put organizations like the Sinaloa Cartel out of business, we must continue to utilize every tool available to ensure that these criminal groups and their associates cannot exploit the U.S. financial system,” said DEA Chief of Financial Operations John Arvanitis. “DEA is attacking the Sinaloa Cartel and other organizations at every level like never before, so they are put out of business and their leaders are brought to justice.”


OFAC is designating Ivan Archivaldo Guzman Salazar and Ovidio Guzman Lopez for their roles in their father’s drug trafficking organization and the Sinaloa Cartel. In 2005, Mexican authorities arrested Ivan Archivaldo Guzman Salazar on money laundering charges, but he was later released. Ovidio Guzman Lopez also plays a significant role in his father’s drug trafficking activities. Noel Salgueiro Nevarez is the head of the Sinaloa Cartel in the Mexican state of Chihuahua where a bloody turf war has claimed the lives of thousands. Mexican authorities arrested him in October 2011, and he remains in Mexican custody. Ovidio Limon Sanchez, also currently in Mexican custody, is a major operative for the Sinaloa Cartel in Sinaloa state. He was arrested in November 2011 by Mexican authorities. Additionally, in 2009, a jury in the U.S. District for the Central District of California returned an indictment against Ovidio Limon Sanchez, charging him with multiple counts of drug trafficking.  

“OFAC will aggressively target those individuals who facilitate Chapo Guzman’s drug trafficking operations, including family members,” said OFAC Director Adam J. Szubin. “With the Government of Mexico, we are firm in our resolve to dismantle Chapo Guzman’s drug trafficking organization.”

Joaquin Guzman Loera and the Sinaloa Cartel were previously identified by the President as significant foreign narcotics traffickers pursuant to the Kingpin Act in 2001 and 2009, respectively.

Internationally, OFAC has designated more than 1,000 businesses and individuals linked to 94 drug kingpins since June 2000. Penalties for violations of the Kingpin Act range from civil penalties of up to $1.075 million per violation to more severe criminal penalties. Criminal penalties for corporate officers may include up to 30 years in prison and fines up to $5 million. Criminal fines for corporations may reach $10 million. Other individuals could face up to 10 years in prison and fines pursuant to Title 18 of the United States Code for criminal violations of the Kingpin Act.

DEA NEWS: Treasury Targets Leading Figures of Sinaloa Cartel
Cartel areas of influence

Today’s action would not have been possible without the support of the Drug Enforcement Administration (DEA). “In order to put organizations like the Sinaloa Cartel out of business, we must continue to utilize every tool available to ensure that these criminal groups and their associates cannot exploit the U.S. financial system,” said DEA Chief of Financial Operations John Arvanitis. “DEA is attacking the Sinaloa Cartel and other organizations at every level like never before, so they are put out of business and their leaders are brought to justice.”


OFAC is designating Ivan Archivaldo Guzman Salazar and Ovidio Guzman Lopez for their roles in their father’s drug trafficking organization and the Sinaloa Cartel. In 2005, Mexican authorities arrested Ivan Archivaldo Guzman Salazar on money laundering charges, but he was later released. Ovidio Guzman Lopez also plays a significant role in his father’s drug trafficking activities. Noel Salgueiro Nevarez is the head of the Sinaloa Cartel in the Mexican state of Chihuahua where a bloody turf war has claimed the lives of thousands. Mexican authorities arrested him in October 2011, and he remains in Mexican custody. Ovidio Limon Sanchez, also currently in Mexican custody, is a major operative for the Sinaloa Cartel in Sinaloa state. He was arrested in November 2011 by Mexican authorities. Additionally, in 2009, a jury in the U.S. District for the Central District of California returned an indictment against Ovidio Limon Sanchez, charging him with multiple counts of drug trafficking.  

“OFAC will aggressively target those individuals who facilitate Chapo Guzman’s drug trafficking operations, including family members,” said OFAC Director Adam J. Szubin. “With the Government of Mexico, we are firm in our resolve to dismantle Chapo Guzman’s drug trafficking organization.”

Joaquin Guzman Loera and the Sinaloa Cartel were previously identified by the President as significant foreign narcotics traffickers pursuant to the Kingpin Act in 2001 and 2009, respectively.

Internationally, OFAC has designated more than 1,000 businesses and individuals linked to 94 drug kingpins since June 2000. Penalties for violations of the Kingpin Act range from civil penalties of up to $1.075 million per violation to more severe criminal penalties. Criminal penalties for corporate officers may include up to 30 years in prison and fines up to $5 million. Criminal fines for corporations may reach $10 million. Other individuals could face up to 10 years in prison and fines pursuant to Title 18 of the United States Code for criminal violations of the Kingpin Act.

 

Media Contact Name: Department of Justice
Main image credits: http://www.justice.gov/opa/pr/2009/Month/index.jsp
Body image credits: http://4.bp.blogspot.com/-FGKVrnSC8UU/TlrTvDMfz9I/AAAAAAAAADE/G4nXzJBYEU0/s400/sinaloaaa.jpg
Click here to see all news from this author/company

Filed Under: BREAKING NEWS, Politics, PRESS RELEASE

RUSH PR NEWS newswire and press release services at rushprnews.com / AH Marketing ahmarketinggroup.com

Content- Legal Responsibility - All material is copyrighted - You may repost but you MUST link back to the original post on your page and acknowledge Rush PR News as the news source. Rush PR News is not legally and/or morally responsible for content of press releases, opinions expressed or fact-checking.

Rush PR News cannot be held legally responsible for material published and distributed through its newswire service or published in its press-room and therefore cannot be sued for published material. Third-party must be contacted directly to dispute content.

Rush PR News is not the contact for material published.

RSSFeed PRESS & SOCIAL MEDIA RELEASES

Oil Condition Monitoring with SVM 3001

Montreal, QC 02/12/16 · Expect More: Oil Condition Monitoring with SVM™ 3001...

Newborn Foundation Selected Among First 
Global Innovation Fund Grant Recipients

Saint Paul, MN 02/09/16 · Announcement at GIF launch event in London highlights...

The Gamifiers Partners With Livecube to Bring Gamified Event Engagement to the Middle East

DUBAI/NEW YORK 02/02/16 · TECH NEWS - The Gamifiers, the leading specialized gamification...

Rugby North to Launch Canada’s First Professional Rugby League

Toronto, ON 02/02/16 ·  The country that introduced rugby to North America...

Dominion Lending Centres Edge Financial Welcomes New Mortgage Agents On Board

Toronto, Ontario 01/27/16 · The mortgage agents behind the site GTAMortgagePros.com  –...

Black Films Matter supports Movie Binges on Oscar Night

HOLLYWOOD, CA 01/26/16 · The Advocacy group Black Films Matter is supporting...

The Big Freeze: America Due Extreme Snowstorms

NEW YORK 01/23/16 · Founder of GridLocate.com, offers advice to US residents...

Clean the world Canada choisit Moisson Montréal

Montréal, Québec 01/05/16 · Clean the World Canada choisit Moisson Montréal comme...

All I Want for Christmas is for Trump to Shut Up is Island's new National Anthem

Cambridge, Mass 12/22/15 ·  A satirical Christmas song poking fun at real...

Gotham City Networking, Inc. Honors Raj Goel with Networker of the Year Award

New York, NY 12/16/15 · On Wednesday, December 2nd, Gotham City Networking, Inc....

Brainlink International Received Renowned Award for a Corporate SOP Culture That Outshines the Rest

New York, NY 12/15/15 · On Thursday, December 3rd, 2015, SmartCEO awarded Brainlink...

Livecube Enhances Its Social Engagement App to Be a Single Dashboard for Event Organizers

NEW YORK 12/03/15 · Enhanced features include real-time direct chat between attendees,...

MLBC offers new IFRS consulting service

Toronto, Ontario 12/01/15 · MLBC offers new IFRS consulting service New IFRS accounting...