2026-05225NoticeWallet

Treasury Freezes Assets of Drug Trafficker with Terrorist Ties in US

Published Date: 3/18/2026

Notice

Summary

The U.S. Treasury’s OFAC just blocked the property of Luis Enrique Barragan Chavez and added him to a special sanctions list because of his ties to illegal drug trade and terrorism. This means Americans can’t do business with him, and any money or property he has under U.S. control is frozen. These actions took effect on August 14, 2025, signaling serious financial consequences for those involved.

Analyzed Economic Effects

2 provisions identified: 0 benefits, 2 costs, 0 mixed.

Property Blocked; U.S. Persons Barred

On August 14, 2025, the Treasury's Office of Foreign Assets Control (OFAC) blocked all property and interests in property subject to U.S. jurisdiction of the named individuals and entities (for example, Luis Enrique Barragan Chavez and the entities Carteles Unidos and Los Viagras). U.S. persons are generally prohibited from engaging in transactions with those listed persons, and any money or property under U.S. control tied to them is frozen.

Secondary Sanctions Risk Noted

The notice explicitly identifies 'secondary sanctions risk' under section 1(b) of Executive Order 13224 for certain designated individuals. That signals additional sanctions risk tied to these designations beyond direct blocking measures.

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Key Dates

Effective Date
Published Date
8/14/2025
3/18/2026

Department and Agencies

Department
Independent Agency
Agency
Treasury Department
Foreign Assets Control Office
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