Treasury Targets Alleged Key Panama-based Money Laundering Operation Linked to Mexican and Colombian Drug Cartels on December 31, 2011 released the following:

“Sophia Jenson

WASHINGTON – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today designated Lebanese-Colombian nationals Jorge Fadlallah Cheaitelly (“Cheaitelly”) and Mohamad Zouheir El Khansa (“El Khansa”) as Specially Designated Narcotics Traffickers (SDNTs) due to their significant role in international money laundering activities involving drug trafficking proceeds. OFAC also designated nine other individuals and 28 entities in Colombia, Panama, Lebanon, and Hong Kong with ties to Cheaitelly and El Khansa. Today’s action, taken pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act), prohibits U.S. persons from conducting financial or commercial transactions with these entities and individuals and freezes any assets the designees may have under U.S. jurisdiction.

“Jorge Fadlallah Cheaitelly runs an extensive money laundering network based in Panama and Colombia with ties to Mexico, Lebanon, and Hong Kong,” said OFAC Director Adam J. Szubin. “By designating these individuals and companies we are exposing a significant international money laundering network, forcing them out of the international financial system, and undermining their ability to launder drug money through a global support network for the Mexican and Colombian drug cartels.”

Treasury took today’s actions in close coordination with investigations by the Drug Enforcement Administration (DEA), Immigration and Customs Enforcement (ICE) and the New York City Police Department.

“These criminals and their entities operate in the shadows, using sophisticated means and various business fronts to launder drug trafficking proceeds worldwide,” said DEA Administrator Michele M. Leonhart. “These traffickers and businesses fuel drug trafficking, violence, and corruption. The United States Government will use all available law enforcement tools to attack and defeat these global criminal networks and their facilitators.”

Jorge Fadlallah Cheaitelly leads a Panama-based drug trafficking and money laundering organization that stretches across the globe, spanning the Americas, the Middle East, and Hong Kong. Today’s action targets key Colombian members of the Cheaitelly/El Khansa criminal organization, including Cali-based money launderer Jaime Edery Crivosei, Barranquilla-based drug trafficker Benny Issa Fawaz and Maicao-based money launderer Ali Mohamad Saleh. Cheaitelly’s key financial associates are also targeted, including his siblings, Jaime Fadlallah Cheaytelli, Guiseppe Ali Cheaitelli Saheli, and Fatima Fadlallath Cheaitilly, and two Lebanon-based associates, Fawaz Mohamad Rahall and Ahmed El Khansa.

Today’s action also targets 28 companies controlled by Jorge Cheaitelly and Mohamad El Khansa and their associates in Panama, Colombia and Hong Kong. Among today’s designations are several money exchange businesses in Panama — Eurocambio, S.A., Euro Exchange Y Financial Commerce, Inc. (a.k.a. Eurex) and General Commerce Overseas, Inc. ­– as well as Junior International S.A., Global Technology Import & Export, S.A. (GTI), and Fedco Import & Export, S.A., import/export businesses located in Panama’s Colon Free Zone that are part of the Cheaitelly/El Khansa financial network. Junior International S.A. is affiliated with the significant Lebanese drug trafficker and money launderer, Ayman Joumaa, who was designated under the Kingpin Act in January 2011. Cheaitelly replaced Ayman Joumaa as director of Junior International S.A. and continues to operate the company with Joumaa’s brothers who are also designated as narcotics traffickers.

Several front companies located in Maicao, Colombia were also designated, including electronics stores Bodega Electro Giorgio and Almacen Electro Sony Star, general merchandise businesses Family Fedco and Comercial Globanty, and luggage stores Almacen Batul and Comercial Estilo y Moda. Two businesses controlled by Cali-based money launderer Jaime Edery Crivosei, Agropecuaria La Perla Ltda and KPD S.A., were also designated. OFAC also designated Polyton (Asia) Limited, a company located in Hong Kong, for acting for or on behalf of Guiseppe Ali Cheaitelly Saheli.

Today’s action is part of the Treasury Department’s ongoing efforts pursuant to the Kingpin Act to target the financial networks of significant foreign narcotics traffickers and their organizations worldwide. The Treasury Department has designated more than 1,000 individuals and entities linked to drug kingpins since June 2000. Penalties for violations of the Kingpin Act range from civil penalties of up to $1.075 million per violation to more severe criminal penalties. Criminal penalties for corporate officers may include up to 30 years in prison and fines up to $5 million. Criminal fines for corporations may reach $10 million. Other individuals face up to 10 years in prison and fines pursuant to Title 18 of the United States Code for criminal violations of the Kingpin Act.”


Douglas McNabb – McNabb Associates, P.C.’s
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