Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
Treasury identifies Sinaloa-based drug trafficker and network
The Treasury Department announced on Wednesday that OFAC has identified Jesus González Peñuelas and the González Peñuelas Drug Trafficking Organization as Significant Foreign Narcotics Traffickers in accordance with the Foreign Narcotics Kingpin Designation Act. OFAC also designated today six individuals and one entity as Specially Designated Narcotics Traffickers pursuant to the Kingpin Act for their links to the González Peñuelas DTO.
As a result of yesterday’s OFAC action, all property and interests in property of the identified or designated persons that are in the United States or in the possession or control of U.S. persons must be blocked and reported to OFAC. OFAC’s regulations generally prohibit all transactions by U.S. persons or persons within (or transiting) the United States that involve any property or interests in property of designated or otherwise blocked persons.
Penalties for violations of the Kingpin Act range from civil penalties of up to $1,548,075 per violation to more severe criminal penalties. Criminal penalties for corporate officers may include up to 30 years in prison and fines of up to $5 million. Criminal fines for corporations may reach $10 million. Other individuals could face up to 10 years in prison and fines under Title 18 of the United States Code for criminal violations of the Kingpin Act.
For identification information on the individuals and entities designated by OFAC in this action, see this BankersOnline OFAC Update.