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Bush Administration Sanctions Money Exchange House with Ties to FARC
printThe U.S. Treasury Department blacklisted a Colombian money exchange house over its alleged ties to the Revolutionary Armed Forces of Colombia (FARC), a group identified as a terrorist organization by the United States since 1997. Bogota, Colombia-based Mercurio Internacional S.A. allowed FARC to convert narcotics proceeds in foreign currencies into Colombian pesos that the group could use to fund its activities, the Treasury's Office of Foreign Assets Control (OFAC) said in a statement Wednesday. The designation is the fourth in six months targeting FARC, a group established in the 1960s as a wing of the Colombia's communist party. "This deals...
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