US authorities appoint bosses of Mexican and Colombian drug cartels

The United States on Wednesday sanctioned a Sinaloa cartel boss and seven other Mexicans for smuggling tons of fentanyl and other drugs into the United States, the Treasury Department said in a statement.

Law on the designation of the caïd of the Sinaloa cartel. (Photo: US Department of the Treasury)Sergio Valenzuela Valenzuela oversees a major drug trafficking corridor in Mexico and reports directly to Sinaloa cartel leader Ismael Zambada Garcia, known as “El Mayo,” the statement said.

Valenzuela Valenzuela has been designated under the Foreign Narcotics Kingpin Designation Act, which globally targets major foreign drug traffickers, their organizations and agents.

The Treasury’s Office of Foreign Assets Control (OFAC) also blacklisted seven other Mexican nationals and two Mexican companies, including Valenzuela Valenzuela’s right-hand man Leonardo Pineda Armenta and six cartel lieutenants.

Valenzuela Valenzuela remains a fugitive, but his “property and interests in property, as well as that of other designated persons and entities, that are in the United States or in the possession or control of American persons must be blocked and reported to OFAC ”.

The sanctions follow a series of designations announced by the Treasury against other drug traffickers, including Colombian Zulma Maria Musso Torres, a “major foreign narcotics trafficker” also known as “La Patrona” or “La Señora ”. She is the “head of an international drug trafficking organization,” based in Santa Marta, Colombia, according to OFAC.

His group controls strategically positioned sea lanes in northern Colombia and is responsible for organizing the movement of several tonnes of cocaine from Colombia to the United States, Europe, the Caribbean, Central America and Mexico, according to the press release.

The gang charges traffickers a per kilogram tax in exchange for the protection and safe transit of multi-ton shipments of narcotics through this area.

As a wife and mother, Musso Torres enjoys the full support of his family – his sons Washington Antunez Musso and Juan Carlos Reales Britto, and her husband, Luis Antonio Bermudez Mejia. The US authorities have also designated them to “provide material support for Musso Torres’ drug trafficking activities”.

Over the past 21 years, US authorities have sanctioned more than 2,200 entities and individuals under the Kingpin Act for their involvement in international drug trafficking.

The Treasury Department recalled that “the penalties for violations of the Kingpin Act range from civil penalties of up to US $ 1,548,075 per violation to more severe criminal penalties.”

Business executives can face up to 30 years in prison and fines of up to $ 5 million, while companies can face fines of up to $ 10 million, according to OFAC.

Previous Liquidity and governance issues for banks
Next What are the main IPOs coming this week? - Market realistic