Mexico

1981-08-08

1538 Calle Turmalina Dos, Colonia Stase, Culiacan, Sinaloa, Mexico

AAIJ810808HSLLNN01, C.U.R.P.; AAIJ810808SX4, RFC

Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated two Mexican nationals and two Mexican companies pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act).  Juan Manuel Alvarez Inzunza, a money launderer, and Jose Olivas Chaidez, a key narcotics trafficker, have been designated as Specially Designated Narcotics Traffickers (SDNTs) for materially assisting, supporting, or providing services to the Sinaloa Cartel and/or high-ranking Sinaloa Cartel members, including Joaquin “El Chapo” Guzman Loera and Ismael “El Mayo” Zambada Garcia and his top lieutenants. Juan Manuel Alvarez Inzunza is a Mexico-based money launderer and drug trafficker who provides key money laundering services to high-ranking Sinaloa Cartel members.  These members include senior Sinaloa Cartel lieutenants Jose Guadalupe Tapia Quintero and Alfonso Limon Sanchez, both of whom operate on behalf of Sinaloa Cartel leaders Ismael Zambada Garcia and Joaquin Guzman Loera.  A Chiapas, Mexico-based Sinaloa Cartel associate, Jose Olivas Chaidez, oversees a multi-national narcotics trafficking cell that distributes bulk quantities of cocaine to Southern California.  Alvarez Inzunza assisted Olivas Chaidez with transmitting million dollar quantities of drug proceeds from the U.S. to Mexico and throughout Central and South America.  Alvarez Inzunza was arrested by Mexican authorities in March 2016.

https://home.treasury.gov/news/press-releases/jl0537

2016-08-16

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