In short
- Several entities linked to CARTEL DEL NORESTE and GARZA GARCIA, Gamaliel face secondary sanctions risk under Executive Order 13224, as amended by Executive Order 13886.
- Newly listed entities span construction, fuel distribution, sports facilities, and horse raising sectors in Mexico.
What happened
OFAC updated its SDN List to include individuals such as GARZA ELIAS, Gamaliel and GARZA GARCIA, Gamaliel, as well as entities like CLUB LA MOLIENDA, CONCRETOS Y PRODUCTOS ASFALTICOS DEL NORTE, S.A. DE C.V., and DISTRIBUIDORA DE GAS ECONOMICO, S.A. DE C.V. These additions are linked to counter narcotics and counter terrorism designations, with connections to CARTEL DEL NORESTE.
The listed entities operate in diverse sectors including construction, fuel distribution, sports facilities, and horse raising, and are subject to secondary sanctions risk under section 1(b) of Executive Order 13224, as amended by Executive Order 13886. No unrelated administrative list changes were reported.
What compliance teams should check
- Screen all transactions and relationships against the updated SDN List for GARZA ELIAS, Gamaliel and GARZA GARCIA, Gamaliel.
- Review business ties with entities such as CLUB LA MOLIENDA, CONCRETOS Y PRODUCTOS ASFALTICOS DEL NORTE, S.A. DE C.V., and DISTRIBUIDORA DE GAS ECONOMICO, S.A. DE C.V. for potential exposure.
- Verify compliance with secondary sanctions risk under section 1(b) of Executive Order 13224, as amended by Executive Order 13886 for all relevant parties.
Why it matters
This update expands the scope of OFAC's counter narcotics and counter terrorism designations, targeting individuals and entities linked to criminal organizations such as CARTEL DEL NORESTE. Compliance officers must ensure robust screening and due diligence processes to prevent prohibited transactions and relationships. The inclusion of diverse sectors like construction, fuel distribution, and sports facilities highlights the need for vigilance across multiple business areas, especially regarding secondary sanctions risk under Executive Order 13224, as amended by Executive Order 13886.
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