On July 24th, the Treasury Department's Office of Foreign Assets Control announced the designation of nine entities and 10 individuals linked to Juan Jose Esparragoza Moreno (a.k.a. El Azul), a leader of Mexico's Sinaloa Cartel. El Azul has used proceeds from his involvement in the narcotics trade to build a large network of businesses including a housing development, a shopping mall, and an industrial park. These businesses are operated by members of his network including his family. The action prohibits U.S. persons from conducting financial or commercial transactions with these entities and individuals, and also freezes any assets they may have under U.S. jurisdiction. Treasury Department Press Release.