Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
🚨 Our Pro Data Reveals the True Winner of Earnings Season Access Data
U.S. sanctions logistics allies of Mexico's Sinaloa Cartel
MEXICO CITY (Reuters) - The U.S. Treasury Department on Wednesday sanctioned individuals linked to Mexico's powerful Sinaloa drug cartel, days after bilateral security talks aimed at cracking down on trafficking of fentanyl and other contraband.
The Treasury said Juan Francisco Valenzuela and his family-run drug organization are accused of transporting "multi-ton quantities of illicit drugs" into the United States, and operating under the aegis of the Sinaloa Cartel long run by notorious kingpin Joaquin 'El Chapo' Guzman.
The Treasury also sanctioned group members Hector Alfonso Araujo Peralta and Raul Rivas Chaires, alongside three Mexico-based transportation firms accused of facilitating their activity.
It said all individuals named were currently fugitives from U.S. federal drug trafficking indictments.
"The Valenzuela drug trafficking organization fuels the ongoing drug epidemic we face in the United States which has resulted in the deaths of tens of thousands of Americans annually," said Under Secretary of the Treasury for Terrorism and Financial Intelligence, Brian E. Nelson.
"Starving this network of resources will help deprive the Sinaloa Cartel of critical support it needs."
Stamping out the drug trade was high on the agenda at last week's bilateral security talks between the United States and Mexico, attended by Secretary of State Antony Blinken.
"We're going to take on fentanyl with full force," Mexican President Andres Manuel Lopez Obrador said this week.
The Treasury made a nod to its collaboration with the Mexican government in its statement.
Two Valenzuela siblings were detained in recent years, leaving Juan Francisco as the last sibling involved in the Valenzuela Mexican trafficking operations, the Treasury noted.
All Valenzuela's property and assets in the United States have now been frozen.
Related Articles
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.