US Sanctions Top Mexican Drug Cartel Members, Issues Fentanyl Advisory for Banks

The U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned eight Mexico-based men affiliated with La Nueva Familia Michoacana drug cartel for trafficking fentanyl, cocaine, and methamphetamine into the United States, Treasury Secretary Janet Yellen announced. La Nueva Familia Michoacana, one of the most powerful and violent cartels in Mexico, also smuggles migrants from Mexico into the United States, a Treasury statement said. All property and interests in property of the eight men designated for sanctions that are in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC. Any entities that are owned, directly or indirectly, individually or in the aggregate, 50 percent or more by one or more blocked persons are also blocked....