On 20 August, OFAC announced the designation of Miguel Arnulfo Valle Valle, a Honduran national, and the drug trafficking organisation he leads, known as Los Valles, as significant foreign narcotics traffickers pursuant to the Foreign Narcotics Kingpin Designation Act. Also designated were Mr Valle Valle’s brothers, Luis Alonso and Jose Reynerio Valle Valle, and four Honduran businesses tied to the Valle Valle brothers.

The designation was cited as a coordinated action with Honduran authorities, who had seized more than 40 properties allegedly belonging to the Los Valles organisation three days earlier, and other US authorities, including the Drug Enforcement Agency and the Federal Bureau of Investigation.

US Treasury Department Press Release