OFAC Sanctions People, Companies Tied to Sinaloa Cartel Money Laundering
The Office of Foreign Assets Control this week sanctioned six people and seven entities tied to the money laundering network supporting the Mexico-based Sinaloa Cartel, which the agency called one of the “most notorious and violent drug trafficking organizations in the world.”
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
The designations target Enrique Dann Esparragoza Rosas, who runs a money laundering organization, and his company Tapgas Mexico S.A. de C.V. OFAC also sanctioned cartel member Alan Viramontes Sesteaga and money launderers Salvador Diaz Rodriguez, Israel Daniel Paez Vargas, Alberto David Benguiat Jimenez and Christian Noe Amador Valenzuela. The agency said Benguiat uses a network of front companies to hide the origin of the money it moves, including Scatman and Hatman Corp S.A.P.I. de C.V.; Personas Unidas Hoas S.A.P.I. de C.V.; Grupo Zipfel de Mexico S.A.; Grupo Unter Empresarial S.A. de C.V.; Productions Pipo S. De R.L. de C.V.; and Grupo Vindende S.A. de C.V.
OFAC also published an updated chart illustrating the cartel’s money laundering network and members.