United States

Miami, FL, United States

65-0467983, US FEIN; P94000013372, Business Registration Document #

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today formally added Aero Continente, a passenger and cargo airline based in Lima, Peru, to its list of entities designated pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act). In addition, the Treasury also designated Nuevo Continente as an A.K.A. of Aero Continente. The drug trade is driven, first and foremost, by financial greed and the desire for profit. Aero Continente is a financial faade controlled by the notorious Peruvian drug kingpin, Fernando Zevallos Gonzales, said OFAC Director Robert Werner. The Bush Administration continues to unravel drug trafficking operations and their illicit financial infrastructures by taking actions like today's, which deprive narcotics traffickers of illegal profits funneled through companies such as Aero Continente. The airline has been blocked by the Treasury pending further investigation since June 1, 2004 following President Bush's decision to identify Fernando Zevallos Gonzales, the airline's founder, as a Significant Foreign Narcotics Trafficker under the Kingpin Act. Fernando Zevallos Gonzales has been a major figure in Peruvian narcotics trafficking for more than two decades. Today's action reaffirms that U.S. entities and persons are prohibited from conducting business with Aero Continente, and continues the blocking of assets of Aero Continente in U.S. jurisdiction.

https://home.treasury.gov/news/press-releases/js2095

2004-06-01

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.

SDN