Posts Tagged ‘Jorge Fadlallah Cheaitelly’

Major money-laundering network in Panama targeted by US

Money laundering ring in Panama

Newscast Media WASHINGTON—The United States has announced that it is blocking
the assets of eight individuals and 20 entities connected to a Panama-based drug
kingpin.

The U.S. Treasury Department designated persons and entities connected to Jorge
Fadlallah Cheaitelly as specially designated narcotics traffickers under the Foreign
Narcotics Kingpin Designation Act (Kingpin Act), according to a May 14 department
news release. The individuals were targeted for supporting Cheaitelly, who leads a
Panama-based drug-trafficking and money-laundering organization that stretches
across the globe.

The action blocks all U.S. property and property interests of the individuals and
entities and prohibits U.S. persons from engaging in transactions with them.
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