Honduras

1969-06-29

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced the designation of the Los Valles drug trafficking organization in Honduras and Honduran national Miguel Arnulfo Valle Valle as significant foreign narcotics traffickers pursuant to the Kingpin Act.  Today’s action also targets Luis Alonso and Jose Reynerio Valle Valle, who materially assist and act for and on behalf of their brother Miguel Arnulfo Valle Valle and the Los Valles drug trafficking organization. The Los Valles drug trafficking organization is one of the most prolific Central American narcotics trafficking organizations.  The group, led by Miguel Arnulfo Valle Valle, is responsible for the distribution of tens of thousands of kilograms of cocaine per month directly into the United States.  The Los Valles organization employs a combination of brutal violence and public corruption in order to keep a stronghold on their base of operations in Copan, Honduras.  Miguel Arnulfo Valle Valle, Luis Alonso Valle Valle, and Jose Reynerio Valle Valle operate their criminal organization as a close-knit family business and launder their narcotics proceeds via a network of companies, including three coffee production companies in Honduras, Inversiones Yosary, Inversiones Luisito, and Inversiones Valle.  They also own a cattle and milk production business named Finca Los Tres Reyes.  All four of these Honduran businesses were designated today by Treasury.

https://home.treasury.gov/news/press-releases/jl2611

2014-08-20

US

Foreign Narcotics Kingpin Sanctions Regulations, 31 C.F.R. part 598

OFAC-horizontal

Drugs

Blocking Property

The Foreign Narcotics Kingpin Sanctions Regulations, 31 CFR part 598 (FNKSR), implement the Foreign Narcotics Kingpin Designation Act (21 U.S.C. 1901–1908), which provides authority for the application of sanctions to significant foreign narcotics traffickers and their organizations operating worldwide.

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