On 19 June, the Treasury Department’s Office of Foreign Assets Control (“OFAC”) announced the largest-ever delisting from the Specially Designated Nationals List (the “SDN List”), covering 78 individuals and 230 entities. The 308 persons are primarily located in Colombia and were originally designated for their role in the drug trafficking network of the Cali Cartel. In announcing the delisting, OFAC declared that the action demonstrates “the successful use of targeted sanctions” in destroying the Cali Cartel’s business empire. OFAC noted that the delisted persons have credibly shown that they have stopped engaging in sanctionable activities. Miguel and Gilberto Rodriguez Orejuela, the leaders of the Cali Cartel, remain on the SDN List and are currently serving sentences in the United States.
Treasury Department Press Release