More Designations by OFAC Under the Kingpin Act

Last week, the Office of Foreign Assets Control designated 1 individual and 12 entities under the Foreign Narcotics Kingpin Designation Act (“Kingpin Act”). View the designations here.

The Kingpin Act became law on December 3, 1999. The Kingpin Act
establishes a program targeting the activities of alleged foreign narcotics traffickers and their organizations on a worldwide basis.

It provides a statutory framework for the President to impose sanctions with the objective of denying designated businesses and agents access to the U.S. financial system and the benefits of trade and transactions involving U.S. companies and individuals.

OFAC, located in Washington, D.C., is the agency responsible for imposing economic sanctions against those designated by placing them on the Specially Designated Nationals List (SDN List). Designation lasts a lifetime. Removal, if possible, takes years of litigation.

Douglas McNabb and other members of the firm practice and write extensively on matters involving Federal Criminal Defense, Interpol Litigation, International Extradition and OFAC Litigation.

The author of this blog is Douglas McNabb. Please feel free to contact him directly at mcnabb@mcnabbassociates.com or at one of the offices listed above.

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