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Latino Daily News

Thursday December 29, 2011

U.S. Treasury Targets Panamian Money Laundering Operation for Narcos in Mexico & Colombia

U.S. Treasury Targets Panamian Money Laundering Operation for Narcos in Mexico & Colombia

Photo: Money Laundering charges

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The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today designated Lebanese-Colombian nationals Jorge Fadlallah Cheaitelly (“Cheaitelly”) and Mohamad Zouheir El Khansa (“El Khansa”) as Specially Designated Narcotics Traffickers (SDNTs) due to their significant role in international money laundering activities involving drug trafficking proceeds. 

OFAC also designated nine other individuals and 28 entities in Colombia, Panama, Lebanon, and Hong Kong with ties to Cheaitelly and El Khansa.

Jorge Fadlallah Cheaitelly leads a Panama-based drug trafficking and money laundering organization that stretches across the globe, spanning the Americas, the Middle East, and Hong Kong.  Today’s action targets key Colombian members of the Cheaitelly/El Khansa criminal organization, including Cali-based money launderer Jaime Edery Crivosei, Barranquilla-based drug trafficker Benny Issa Fawaz and Maicao-based money launderer Ali Mohamad Saleh.  Cheaitelly’s key financial associates are also targeted, including his siblings, Jaime Fadlallah Cheaytelli, Guiseppe Ali Cheaitelli Saheli, and Fatima Fadlallath Cheaitilly, and two Lebanon-based associates, Fawaz Mohamad Rahall and Ahmed El Khansa.

Today’s action also targets 28 companies controlled by Jorge Cheaitelly and Mohamad El Khansa and their associates in Panama, Colombia and Hong Kong.

Several front companies located in Maicao, Colombia were also designated, including electronics stores Bodega Electro Giorgio and Almacen Electro Sony Star, general merchandise businesses Family Fedco and Comercial Globanty, and luggage stores.