Blocking Assets and Prohibiting Transactions With Significant Narcotics Traffickers
Headline: Blocks Assets and Bans Transactions With Major Colombian Drug Traffickers
What it does: Agencies must block property and prohibit transactions involving designated narcotics traffickers and their associates.
- Blocks assets of listed drug traffickers and their businesses.
- Prohibits United States persons and companies from dealing with designated traffickers.
- Gives the Treasury Department authority to issue rules and direct agencies to enforce the order.
Summary
This order declares a national emergency because major foreign narcotics traffickers centered in Colombia pose a threat to the national security, foreign policy, and economy of the United States. It blocks all property and interests in property of listed traffickers, their associates, and entities they control, and it prohibits transactions by United States persons that involve those designated individuals. The Treasury Department, working with the Attorney General and the Secretary of State, is authorized to issue rules and direct agencies to enforce these measures.
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