World-Check Organised Crime Coverage Years Ahead of OFAC Designations

Share Article

World-Check's coverage of three recently designated cartels, their interlinked networks and related entities has proven to be comprehensive and effective in keeping clients ahead of the financial, regulatory and reputation risks these groups pose to businesses operating worldwide.

In recent years major operations against narcotics cartels operating across Mexico have resulted in many arrests. World-Check's coverage of these cartels, their interlinked networks and related entities has proven to be comprehensive and effective in keeping clients ahead of the financial, regulatory and reputation risks these groups pose to businesses operating worldwide.

On the 15th of April, a day before President Barack Obama visited Mexico, the Sinaloa Cartel, Los Zetas and La Familia Michoacana were added to United States OFAC SDN list - SDNTK (Specially Designated Narcotics Trafficker Kingpin). The move aims to cut off access to U.S financial systems and block trade with U.S companies and individuals. World-Check researchers created in-depth profiles of these three organizations between 2006 and 2008.

"World-Check regularly leads the actions of various government agencies administering sanction lists, thereby assisting our clients in managing risk proactively" said Daniel Peak, Chief Executive Officer of World-Check.

"The increased collaboration between the US and Mexico governments in recent months, coupled with the designation of three additional narcotics trafficking cartels by the Obama administration, has elevated the cartels to a heightened level of regulatory risk," said BC Tan, Head of World-Check's Organized Crime Research Unit (OCRU). "We have anticipated this emerging trend and allocated additional resources to monitor the situation closely in line with our commitment to provide clients with the most current risk relevant intelligence available."

The Sinaloa cartel, profiled by World-Check researchers in July 2006, has forged several alliances with other narcotics trafficking organizations in recent years to emerge as one of the principle cartels in the Mexican narcotics trade. World-Check researchers have been able to identify Sinaloa cartel activities beyond Mexico to include Peru, Paraguay and Argentina.

Previously regarded as the armed branch of the Gulf Cartel, World-Check researchers were able to accurately identify and profile Los Zetas in August 2008 as a unique entity. A criminal organisation formed by former members of the Mexican Army Special Forces, World-Check researchers have been able to accurately anticipate its emergence as an important narcotics trafficking organization in Mexico.

La Familia Michoacana is believed to be a criminal organisation dedicated to narcotics distribution, smuggling, extortion and murder in Michoacan, Mexico. The group is also reportedly operating in the Mexico State and the Federal District, Mexico. Previously not known as a narcotics trafficking organization, World-Check researchers were able to accurately identify its emergence and the group was added to the World-Check database in August 2008.

http://www.treas.gov/offices/enforcement/ofac/actions/20090415.shtml
http://www.voanews.com/english/2009-04-15-voa55.cfm

About World-Check:
Trusted by more than 3,000 institutions in 162 countries, including over 90% of the world's largest banks, World-Check offers an end-to-end solution for assessing, managing and remediating financial, regulatory and reputational risks.

World-Check's global database, Enhanced Due Diligence (EDD) reports, passport verification and country risk assessment tools provide the means to address the full spectrum of risk across all markets and industries.

Represented across five continents, World-Check's international research team monitors emerging risks in more than 40 languages, covering over 240 countries and territories worldwide.

For more information visit http://www.world-check.com/

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Marion Willson
World-Check
0044 208 099 7263
Email >
Visit website