The United States formally designated a financial network of the FARC Colombian
guerrilla group’s Front 48 as a drug-trafficking organization, a move that bars any
economic activity with the network and permits the seizure of its assets, the Treasury
Department announced.
The United States formally designated a financial network of the FARC Colombian guerrilla group’s Front 48 as a drug-trafficking organization, a move that bars any economic activity with the network and permits the seizure of its assets, the Treasury Department announced.
This is Treasury’s fourteenth action against the Revolutionary Armed Forces of Colombia (FARC), a Marxist guerrilla group that was designated as a drug-trafficking organization by the United States in 2003, according to a statement.
Thursday’s sanctions targeted Olidem Romel Solarte Cerón, the finance chief of Front 48, which operates on Colombia’s border with Peru and Ecuador; leaders of the Jefferson Ostaiza Amay drug-trafficking organization; and FARC arms trafficker Gilma Montenegros Vallejos.
A real estate firm in the Ecuadorean capital and two agricultural firms in San José, Costa Rica, operated by the drug traffickers, were also designated.
“Today’s designation builds on Treasury’s longstanding campaign against the FARC by exposing their key support networks in Ecuador and Costa Rica,” said the director of Treasury’s Office of Foreign Assets Control, Adam Szubin.
Since June 2000, Treasury has designated more than 750 businesses and individuals as associates of 87 drug kingpins around the world, the statement recalled.