OFAC SANCTIONS FUGITIVE AND OTHERS LINKED TO CJNG CARTEL TIMESHARE FRAUD NETWORK

On 27 April, OFAC advised that it had designated Eduardo Pardo Espino, who is a fugitive from a US drug trafficking charge, along with 6 other individuals and 19 Mexican companies.  These individuals and companies are linked, directly or indirectly, to timeshare fraud led by the Cartel de Jalisco Nueva Generacion (CJNG), which is a violent Mexico-based organisation that traffics a significant proportion of the illicit fentanyl and other deadly drugs that enter the US.  OFAC coordinated this action with the Government of Mexico and US Government partners.

https://ofac.treasury.gov/recent-actions/20230427

https://ofac.treasury.gov/media/931681/download?inline=

https://home.treasury.gov/news/press-releases/jy1443

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017