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Most Kingpin Act Targets See Few Assets Frozen, Say US Officials

By Daniel Bethencourt

The imposition of U.S. sanctions on more than 2,000 traffickers and their associates under the Kingpin Act has led to $500 million in asset freezes over the past two decades—but the vast majority of that sum is attributable to just one individual, a government audit has found. The measure, which became law in 1999 and was first used in 2000, expanded U.S. sanctions to cover overseas drug traffickers and their support networks. One of the first waves of designations came in June 2001 and targeted Joaquin "El Chapo" Guzman, who was later extradited to the U.S. and convicted of drug...

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