March 12, 2020

Four Mexican businesses designated under the Kingpin Act

On March 11, 2020 the US Department of Treasury’s Office of Foreign Assets Control designated four Mexican businesses because of their ties to the Cartel de Jalisco Nueva Generacion (CJNG) and the Los Cuinis Drug Trafficking Organization, two aligned Mexican drug cartels.  All four designations were made pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act) which is a collaborative effort between OFAC and the Drug Enforcement Administration (DEA) to disrupt CJNG operations.  In addition, OFAC identified two additional names used by a Mexican cabin rental business that was originally designated back in 2015 for assisting CJNG, and both names have been designated pursuant to Kingpin Act.  As a result of these designations, all US transactions with the entities are prohibited and must be reported to OFAC.

OFAC Press Release