Treasury targets major narcotics trafficker

Treasury's Office of Foreign Assets Control (OFAC) has designated German Muñoz Hoyos as a Specially Designated Narcotics Trafficker (SDNT) pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act) for playing a significant role in international narcotics trafficking. OFAC also designated five individuals for acting for or behalf of German Muñoz Hoyos, and six entities that are owned, controlled, or directed by Muñoz and/or his associates. As a result of this action, all assets of those designated that are under the jurisdiction of the United States or in the control of U.S. persons are frozen, and U.S. persons are generally prohibited from engaging in transactions with them.

OFAC also removed several entries from its Specially Designated Nationals List.

• Treasury Department press release
• OFAC SDN List Update, with identifying information on individuals and entities added to or removed from the List
• Chart pertaining to this action