The three senior members of the Kinahan organized crime group have been sanctioned by the US government as part of a coordinated international effort to curb drug trafficking.
The US Treasury Department’s Office of Foreign Assets Control (OFAC) has named organized crime group Kinahan along with seven of its key members, including their Irish leaders Christopher Kinahan Sr., Daniel Kinahan, his brother Christopher Kinahan Jr. and three associated companies under an executive order “Freezing the property of transnational criminal organizations”.
Brian E. Nelson, Undersecretary for Terrorism and Financial Intelligence, said: “The Kinahan organized crime group smuggles deadly drugs, including cocaine, into Europe and poses a threat to the entire legal economy through its role in international money laundering.
“Criminal groups like the KOCG prey on the most vulnerable in society, bringing drug-related crime and violence, including murder, to the countries in which they operate.
“The Treasury Department is proud to have coordinated so closely with our international counterparts, and the US government will continue to use all available resources to dismantle these criminal networks.”
Under the sanctions, all assets and property interests owned by the named persons or entities that are in the United States or owned by US persons must be “frozen and reported to OFAC.”
The sanctions will make it very difficult for members of the Kinahan Group to do business in the US, as OFAC regulations block all transactions by US persons or persons in the United States involving property or interests in property of blocked persons.
The sanctions mean that all of the Kinahans’ financial assets in the US or at US banks abroad can be frozen and they cannot fly on US airlines.
Anyone who violates the regulations faces civil or criminal penalties.
“Key” members of the Kinahan crime group named in the action include Sean Gerard McGovern, Ian Thomas Dixon, Bernard Patrick Clancy and John Francis Morrissey.
https://www.independent.ie/irish-news/crime/us-officials-hit-kinahan-organised-crime-group-with-sanctions-41544419.html US officials imposed sanctions on the “Kinahan organized crime group”.