Treasury’s Office of Foreign Assets Control (OFAC) designated two entities in the People’s Republic of China (PRC) and five individuals, based in the PRC and Guatemala, for supplying precursor chemicals to drug cartels in Mexico for the production of illicit fentanyl intended for U.S. markets.
The Actions named a Wuhan-based biotech company and four chinese nationals, as well as a Guatemala-based broker responsible for arranging the deliveries to the Sinaloa Cartel.
“Illicit fentanyl is responsible for the deaths of tens of thousands of Americans each year,” said Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson. “Treasury, as part of the whole-of-government effort to respond to this crisis, will continue to vigorously apply our tools to prevent the transfer of precursor chemicals and machinery necessary to produce this drug.”
This action was carried out in partnership and close coordination with the Drug Enforcement Administration and the Department of Justice.
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