Tag Archives: Foreign Narcotics Kingpin Designation Act

OFAC Issues General License Authorising Certain Transactions with Soho Panama, S.A.

On 9 March 2017, the US Treasury Department’s Office of Foreign Assets Control (OFAC) issued General License 4F, authorising limited transactions with the Panamanian Mall, Soho Panama, S.A, and related entity Westline Enterprises, Inc. Soho Mall Panama was designated for sanctions under the Foreign Narcotics Kingpin Designation Act (21 U.S.C. 1901-1908) in May 2016, in … Continue Reading

OFAC Designates Nine Individuals and 68 Entities Associated With the Waked Money Laundering Cartel Under the Foreign Narcotics Kingpin Designation Act

On 5 May 2016, the US Treasury Department’s OFAC announced designations of leaders and associates of the so-called Waked Money Laundering Organization, and 68 entities believed to be part of that organization, as specially designated narcotics traffickers under the Foreign Narcotics Kingpin Designation Act. OFAC, in cooperation with US Customs and Border Protection, other US agencies and the Panamanian Government, … Continue Reading
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