Source: U.S. Department of the Treasury – OFAC

On May 5, 2016, the United States Department of the Treasury, Office of Foreign Assets Control (OFAC) designated Abdul Mohamed Waked Fares, Mohamed Abdo Waked Darwich, Grupo Wisa, S.A., and the Waked Money Laundering Organization as Specially Designated Narcotics Traffickers (SDNTs) pursuant to the Foreign Narcotics Kingpin Designation Act(Kingpin Act). OFAC announced that same day the designations of five other individuals and 67 related companies pursuant to the Kingpin Act, including Felix B. Maduro, S.A, Importadora Maduro, S.A., and Maduro Internacional, S.A. (referred to as the “Felix Maduro Group”), which were sanctioned for being owned, controlled, or directed by, or acting for or on behalf of, Abdul Mohamed Waked Fares, Mohamed Abdo Waked Darwich, and Grupo Wisa, S.A.

Based on consultations with and actions undertaken by the Government of Panama, OFAC understands that the Government of Panama is w…

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