On March 18th, the Treasury Department's Office of Foreign Assets Control designated 15 individuals and 8 companies as Specially Designated Narcotics Traffickers for their ties to Colombian narcotics trafficker Daniel Rendon Herrera (a.k.a. "Don Mario"). The action, pursuant to the Foreign Narcotics Kingpin Designation Act, prohibits U.S. persons from conducting financial or commercial transactions with the designees and freezes any assets that they may have under U.S. jurisdiction. Narcotics Designations. Separately, OFAC designated the Islamic National Bank of Gaza for being controlled by Hamas, a Specially Designated Global Terrorist, and for providing financial services to Hamas members and employees, including members of the organization's military wing. Treasury also designated Al-Aqsa Television, a television station in Gaza financed and controlled by Hamas. The designations freeze any assets INB or Al-Aqsa Television hold under U.S. jurisdiction and prohibit U.S. persons from engaging in any transactions with these parties. Terrorist Designations.
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Treasury Department designations
- Winston & Strawn LLP
- March 22 2010
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