On 15 May, the US Treasury Department blocked the assets of Heriberto Zazueta Godoy (a.k.a. Capi Beto), a Mexican national, and two other individuals and three entities linked to him, pursuant to the Foreign Narcotics Kingpin Designation Act (“Kingpin Act”). Mr. Zazueta Godoy is alleged to have been engaged in narcotics trafficking and money laundering for decades and, in February 2014, he was indicted on related charges in the Northern District of Illinois. The US government asserts that Mr. Zazueta Godoy, among other activities, helped coordinate a 19 ton shipment of cocaine for the Sinaloa Cartel that, in May 2007, became the largest ever maritime seizure of cocaine when it was seized in international waters off the coast of Panama.
Separately, on 14 May, the Treasury Department designated eight other individuals and 20 entities as narcotics traffickers pursuant to the Kingpin Act. All of the individuals and entities allegedly provide support to Jorge Fadlallah Cheaitelly’s Panama-based money laundering operations and include Panamanian attorneys who assisted Mr. Cheaitelly by establishing shell companies used for money laundering activities. Mr. Cheaitelly was himself arrested in 2011 and extradited to the United States in 2012.