Treasury Blacklists Two Colombian Drug Lords: Assets Frozen in US
Published Date: 11/18/2025
Notice
Summary
The U.S. Treasury’s OFAC just blocked the property of two people from Colombia linked to illegal drug activities. From October 24, 2025, Americans can’t do business with them, freezing their assets under U.S. law. This move aims to cut off money and resources fueling the global drug trade.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Assets Frozen for Four Colombians
On October 24, 2025, the Treasury Department's Office of Foreign Assets Control (OFAC) added Gustavo Francisco Petro Urrego, Veronica del Socorro Alcocer Garcia, Armando Alberto Benedetti Villaneda, and Nicolas Fernando Petro Burgos to the Specially Designated Nationals (SDN) List. All property and interests in property of these persons that are subject to U.S. jurisdiction are blocked, and U.S. persons are generally prohibited from engaging in transactions with them.
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Key Dates
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