facebook
twitter
rss
account
search
search
 

Treasury moves against drug cartel

Nov. 14, 2012 at 4:21 PM   |   Comments

WASHINGTON, Nov. 14 (UPI) -- The U.S. Treasury Department said Wednesday it has frozen a reputed Guatemalan drug lord's family assets.

Waldemar Lorenzana Lima, the suspected drug trafficker, has used agricultural holdings to front for his cartel, the Treasury Department's Office of Foreign Assets Control said in a release.

The decree freezes any assets the family may have under American jurisdiction, and prohibits American companies and individuals from doing business with the Lorenzana family.

"Treasury will continue to target major drug cartels wherever they are operating, including family organizations that work together to traffic narcotics," said OFAC Director Adam J. Szubin. "Today's designation of Marta Julia and Ovaldino Lorenzana Cordon, members of one of Guatemala's most significant crime families, along with the Lorenzanas' business network, allows us to continue our efforts to dismantle transnational drug trafficking organizations operating in Guatemala." 

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
Notable deaths of 2014 [PHOTOS]

Notable deaths of 2014 [PHOTOS]

Most Popular
1
China questions Americanism in SATs
2
Dairy Queen hit by Backoff malware breach
3
Plague bomb data found on seized Islamic State laptop
4
St. Paul police arrest a black man for sitting on a bench waiting for his children
5
Sen. Mary Landrieu uses mom's home as Louisiana address
Trending News
Video
x
Feedback