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U.S. Treasury targets "drug traffickers" linked to Mexican drug cartel

Jan 11 2012 Brett Wolf, Compliance Complete

The U.S. Treasury Department on Tuesday blacklisted two Mexican nationals and one Colombian whom it accused of being drug traffickers with links to Joaquin "Chapo" Guzman, the leader of Mexico's Sinaloa Cartel. The targeted Mexican nationals are Joel Valdez Benites and Oscar Alvarez Zepeda; the latter is related to Guzman. The Colombian is Carlos Torres Hoyos, of Medellin. According to Treasury's Office of Foreign Assets Control (OFAC), the men support the drug trafficking activities of Guzman and the Sinaloa Cartel and have ties to Colombian drug trafficker Jorge Cifuentes Villa. "Today marks the fourth time in the past year that OFAC has targeted and exposed the support structures of the organization led by Chapo Guzman, the world's most powerful drug trafficker," said OFAC Director Adam Szubin. “OFAC will continue to work with law enforcement and foreign counterparts to help disrupt, and eventually dismantle, Chapo Guzman's criminal empire.” As a result of today’s action,

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