Midweek Roundup: OFAC Sanctions Sinaloa Drug Cartel Operatives, FSA Sets Sights on Asset Managers, and More

The U.S. Treasury Department's Office of Foreign Assets Control sanctioned four individuals identified as members of the Sinaloa drug cartel Tuesday. The designations, which include two sons of the cartel's leader Joaquin "Chapo" Guzman Loera, were made under the Foreign Narcotics Kingpin Designation Act. More U.S. Secretary of State Hillary Clinton asked India Monday to further reduce its importation of Iranian oil, the Financial Times reported. As the world's second largest purchaser of Iranian crude oil, India is hoping for a waiver from U.S. sanctions against Iran. A decision on the waiver is expected in the next two months, the...