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Weekly Roundup: OFAC Blacklists Alleged Money Launderers, RBS Winds Up $500 Million DOJ Agreement, and More
printThe U.S. Treasury Department's Office of Foreign Assets Control (OFAC) Thursday blacklisted two Lebanese-Colombian nationals-Jorge Fadlallah Cheaitelly and Mohamad Zouheir El Khansa-believed to be part of an international money laundering operation run for drug traffickers. The network, controlled by Jorge Fadlallah Cheaitelly, was based in Panama and Colombia and tied to entities in Mexico, Lebanon and Hong Kong, the sanctions enforcer said. OFAC also blacklisted 28 companies tied to the two men, including several Panama-based money exchange businesses and a technology firm that Cheaitelly served as director of after the agency blacklisted its former director, Ayman Joumaa, in January. More...
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