Wednesday, April 24, 2024
HomechinaBiden admin sanctions multimillion-dollar China-based network involved in trafficking of fentanyl, drugs

Biden admin sanctions multimillion-dollar China-based network involved in trafficking of fentanyl, drugs

The Biden administration on Tuesday imposed sanctions on a multimillion-dollar China-based network and more than two dozen individuals and entities involved in the manufacture, distribution and international trafficking of fentanyl and other illicit drugs.

The sanctions target a major Chinese precursor chemicals syndicate with touchpoints in the United States and Canada that supplies dozens of U.S.-based drug traffickers, as well as cartels in Mexico and dark web dealers.

The sanctions, effective immediately, bar the individuals from using the U.S. financial system and stops all U.S. citizens from transacting with them.

The Treasury Department designated 28 individuals and entities involved in the international proliferation of fentanyl, as well as other illicit drugs such as methamphetamine and MDMA precursors.

fentanyl powder

The Treasury Department designated 28 individuals and entities involved in the international proliferation of fentanyl, as well as other illicit drugs. (Multnomah County Sheriff’s Office )

The Treasury Department said it has identified and blocked more than a dozen virtual currency wallets associated with these actors. Treasury said the blocked wallets received millions of dollars over hundreds of deposits.

Brooke Singman is a Fox News Digital politics reporter. You can reach her at Brooke.Singman@Fox.com or @BrookeSingman on Twitter.

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