The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced the addition of certain individuals to its Specially Designated Nationals and Blocked Persons List. This action is part of efforts to impose sanctions on individuals linked to the Gulf Cartel, a group involved in the global illicit drug trade. The listed individuals, primarily from Mexico, are now subject to blocked property rights within U.S. jurisdiction, making it illegal for U.S. persons to engage in transactions with them. This move aims to disrupt and reduce the influence of the Gulf Cartel's criminal activities.
Simple Explanation
The U.S. Treasury Department is making a list of people from the Gulf Cartel who are not allowed to do business in the United States because they are involved in bad activities. This means that people in America shouldn't buy or sell anything with them.