U.S. Treasury’s Office today announced that key Sinaloa Cartel narcos, including two sons of Joaquin “El Chapo” Guzman, would be targeted. Therefore the assets of Ivan Archivaldo Guzman and Ovidio Guzman are being sought and all U.S. citizens are prohibited from doing business with these individuals.
El Chapo’s sons are being targeted for their roles in their father’s drug trafficking organization and the Sinaloa Cartel, which he heads up. In 2005, Mexican authorities arrested Ivan on money laundering charges, but he was later released. Ovidio also plays a significant role in his father’s drug trafficking activities and is currently in a Mexican prison
The other Sinaloa Cartel member named by Treasury is Noel Salgueiro Nevarez, head of the Sinaloa Cartel in the Mexican state of Chihuahua. He is currently in a Mexican prison.
Joaquin Guzman Loera and the Sinaloa Cartel were previously identified by President Obama as significant foreign narcotics traffickers pursuant to the Kingpin Act in 2001 and 2009, respectively.
Internationally, Treasury has designated more than 1,000 businesses and individuals linked to 94 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.