Treasury Takes Additional Action Against Sinaloa Cartel

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced the designation of Victor Manuel Felix Felix, a close associate of fugitive drug lord Joaquin “Chapo” Guzman Loera, leader of the Sinaloa Cartel.  Felix Felix plays a key role in Chapo Guzman’s drug trafficking organization and is the father-in-law of Guzman Loera’s son.  OFAC also designated four other individuals collaborating with Felix Felix and the Sinaloa Cartel.  Today’s action, pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act), prohibits U.S. persons from conducting financial or commercial transactions with these individuals and freezes any assets they may have under U.S. jurisdiction.

“By exposing additional family members and other affiliates of the Sinaloa Cartel, this action builds on the Treasury Department’s consistent efforts to disrupt Chapo Guzman’s drug trafficking activities,” said OFAC Director Adam J. Szubin.  “Treasury applauds the work thatU.S.and foreign law enforcement authorities have already taken against the Felix Felix drug trafficking and money laundering organization.”

Drug Enforcement Administration (DEA) Chief of Financial Operations John Arvanitis also stated, “DEA and its partners continue to expose facilitators of Chapo Guzman’s drug and money laundering empire.  Getting to the heart of the Sinaloa Cartel and other drug networks requires an aggressive, sustained attack by law enforcement.  These designations are examples of this effort and we will continue to target Chapo Guzman’s family members and business associates in order to inhibit their criminal operations that have impactedMexicoand other parts of the world.”


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