Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Sunday, May 19, 2024 | Back issues
Courthouse News Service Courthouse News Service

Sanctions Against Drug Traffickers Continue

WASHINGTON (CN) - President Obama has extended for a year an executive order freezing the assets of and blocking any business or financial transactions with Colombian drug traffickers.

Under a 1995 executive order, the Attorney General, the Secretary of the Treasury, and the Secretary of State can indentify individuals and organizations that they believe are directly involved in, or assist, narcotics trafficking, and seize their assets.

The ban extends not just to the traffickers but to any party that seeks to do business on behalf of the traffickers or would benefit from such a transaction.

Under the National Emergencies Act, executive declarations of national emergencies end a year after they are made unless the president determines before the anniversary date that a continuation is in the best interests of the United States. The state of national emergency with regard to Colombian drug traffickers has been extended every year since it was signed.

Click the document icon for this regulation and others.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.