1130-1971 Broadway St, Port Coquitlam, V3C 0C9, British Columbia, Canada
Reg. ID
800741142, Company Number;
BC1053173, Registration Number
Official reason
A major customer of Jinhu Minsheng’s is Western Canada-based Valerian Labs, Inc., which is led by Canadian national Bahman Djebelibak (Djebelibak) a.k.a. Bobby Shah. Valerian Labs, Inc. shares its British Columbia address with Valerian Labs Distribution Corp., which is owned by Djebelibak. Djebelibak is a distributor of illicit precursor chemicals and equipment used to produce an array of synthetic drugs.
Valerian Labs, Inc. has received shipments of methylamine hydrochloride, which is a precursor chemical used to produce methamphetamine and MDMA. Valerian Labs Distribution Corp. has attempted to procure 2,000 liters of chloroform, 800 liters of dichloromethane, and 200 kg of iodine, substances used in the production of fentanyl, heroin, and methamphetamine.
Notably, Valerian Labs Distribution Corp. has imported chemicals from Hebei Guanlang, which as previously mentioned, is a member of the Syndicate targeted today.
Valerian Labs, Inc., Bahman Djebelibak, and Valerian Labs Distribution Corp. were designated today pursuant to E.O. 14059 for having engaged in, or attempted to engage in, activities or transactions that have materially contributed to, or pose a significant risk of materially contributing to, the international proliferation of illicit drugs or their means of production.
Executive Order 14059 of December 15, 2021 Imposing Sanctions on Foreign Persons Involved in the Global Illicit Drug Trade
Regime
OFAC-horizontal
Target State
Drugs
Measures
Blocking Property, Suspending Entry
Official Information
President Biden signed a new Executive Order (E.O.) to modernize the U.S. Department of the Treasury’s sanctions authorities used to combat the illicit drug trade. This E.O. will provide the Treasury Department with new tools to tackle changes in the global illicit drug trade that substantially contributed to over 100,000 American overdose deaths in the 12-month period ending in April 2021.
This E.O. enhances the Department of Treasury’s authorities to target any foreign person engaged in drug trafficking activities, regardless of whether they are linked to a specific kingpin or cartel. It further enables Treasury to sanction foreign persons who knowingly receive property that constitutes, or is derived from, proceeds of illicit drug trafficking activities.
Under the new E.O., “Imposing Sanctions on Foreign Persons Involved in the Global Illicit Drug Trade,” the Office of Foreign Assets Control (OFAC) today designated 25 actors (10 individuals and 15 entities) in four countries for having engaged in, or attempted to engage in, activities or transactions that have materially contributed to, or pose a significant risk of materially contributing to, the international proliferation of illicit drugs or their means of production.
“The illicit drug trade threatens our national security, economy, communities, and families,” said Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian Nelson. “More than 100,000 Americans died in just twelve months from a drug overdose, a record 28 percent increase that was driven largely by synthetic opioids, particularly fentanyl. Using President Biden’s new E.O., Treasury will deploy its sanctions authority with greater speed, power, and effect across the entire illicit drug ecosystem, especially those who profit from the death and misery of the opioid epidemic. We will continue working closely with our partners to reduce threats from these groups and disrupt their business models, including by stopping them from using the U.S. financial system.”
Today’s action targets individuals and drug trafficking organizations (DTO) based in Brazil, China, Colombia, and Mexico. Those sanctioned include individuals who traffic fentanyl, and its precursor chemicals, methamphetamine, cocaine, and heroin, as well as organizations that pose the greatest drug threat to the United States.
The new E.O. builds upon Treasury’s previous narcotics sanctions authorities, specifically E.O. 12978 (1995) and the Foreign Narcotics Kingpin Designation Act (Kingpin Act) (1999). Treasury designated eight individuals and entities under the new E.O. and is also applying the expanded tools of this authority to designate 17 individuals and entities previously sanctioned under other authorities.
