May 7, 2018: OFAC designates a boatload of Kingpins

Yesterday, the Office of Foreign Assets Control (OFAC) added the following persons: 

DEL NOGAL MARQUEZ, Walter Alexander, Miranda, Venezuela; Edificio Poli centro, Piso 4, Of. 3, Panama, Panama; DOB 02 Oct 1969; citizen Venezuela; Gender Male; Cedula No. 9965580 (Venezuela); Passport C1940147 (Venezuela) (individual) [SDNTK] (Linked To: DEL BROS OVERSEAS, S.A.; Linked To: DMI TRADING INC.; Linked To: FINANCIAL CORPORATION FINCORP, C.A.; Linked To: FINANCIAL CORPORATION (FINCORP INTERNATIONAL), S.A.; Linked To: VIC DEL INC. (OFF SHORE)).

 

MARTIN OLIVARES, Pedro Luis, Av. Francisco de Miranda, Edif Saule, Piso 7, APTO 72., Chacao, Miranda, Venezuela; DOB 18 Apr 1967; POB Caracas, Venezuela; nationality Venezuela; citizen Venezuela; Gender Male; Cedula No. 6252562 (Venezuela); Passport 057530115 (Venezuela) (individual) [SDNTK] (Linked To: D2 IMAGINEERING, C.A.; Linked To: GRUPO CONTROL 2004, C.A.; Linked To: GRUPO CONTROL SYSTEM 2004, C.A.; Linked To: INMUEBLES Y DESARROLLOS WEST POINT, C.A.; Linked To: INVERSIONES PMA 243, C.A.; Linked To: MATSUNICHI OIL TRAEADEZ 12, C.A.; Linked To: MATSUNICHI OIL TRADER, C.A.; Linked To: PLM CONSORCIO, C.A.; Linked To: PLM CONSULTORES, C.A.; Linked To: P.L.M. GROUP SOCIEDAD DE CORRETAJE DE VALORES, C.A.; Linked To: PLM SECURITY CONTROL GROUP, C.A.; Linked To: P L M SOCIEDAD DE CORRETAJE, C.A.; Linked To: PLM TRANSPORTE, C.A.; Linked To: TECHNO TRANSPORTE ML, C.A.).

 

RODRIGUEZ ESPINOZA, Mario Antonio (a.k.a. RODRIGUEZ EZPINOZA, Mario Antonio), Miranda, Venezuela; DOB 16 Feb 1966; citizen Venezuela; Gender Male; Cedula No. 6859414 (Venezuela) (individual) [SDNTK] (Linked To: INVERSIONES MALAMAR R, C.A.).

and entities: 

D2 IMAGINEERING, C.A., Av. Francisco de Miranda, Edif. Saule, piso 7, Ofic. 72, Chacao, Caracas, Venezuela; RIF # J-29766946-9 (Venezuela) [SDNTK].

 

DEL BROS OVERSEAS, S.A., Calle 73, Edificio Mirador, Piso 8, Of. A, San Francisco, Panama, Panama; RUC # 1182190-1-578348 (Panama); Folio Mercantil No. 578348 (Panama) [SDNTK].

 

DMI TRADING INC., Av. Cuba y Calle 30 Edificio Policentro, Piso 4, Of. 3, Panama, Panama; RUC # 1794418-1-704269(Panama); Folio Mercantil No. 704269 (Panama) [SDNTK].

 

FINANCIAL CORPORATION (FINCORP INTERNATIONAL), S.A., Panama City, Panama; RUC # 1182193-1-578349(Panama); Folio Mercantil No. 578349 (Panama) [SDNTK].

 

FINANCIAL CORPORATION FINCORP, C.A., Cto. Ciudad Comercial Tamanaco, Torre A, piso 3, Ofic. 308, Urb. Chuao, Caracas, Venezuela; RIF # J-31118020-6 (Venezuela) [SDNTK].

 

GRUPO CONTROL 2004, C.A., Av. Fco. Solano, con Calle Acueducto, Edif. Torre Banvenez, piso 9, Ofic. C y D, Sabana Grande, Caracas, Venezuela; RIF # J-31153379-6 (Venezuela) [SDNTK].

 

GRUPO CONTROL SYSTEM 2004, C.A., Av. Francisco de Miranda, Centro Lido, Torre A, piso 10, Of. 10-02, Urb. El Rosal, Caracas, Venezuela; RIF # J-29469218-4 (Venezuela) [SDNTK].

 

INMUEBLES Y DESARROLLOS WEST POINT, C.A. (f.k.a. PLM INMOBILIARIA C.A.), Av. Principal de Los Ruices, Edif. El Doral, piso 6, Ofic. 62, Urb. Los Ruices, Caracas, Venezuela; RIF # J-31242224-6 (Venezuela) [SDNTK].

 

INVERSIONES MALAMAR R, C.A., Av. Intercomunal El Valle, Resid. Radio Caracas, Edif. Canaima, piso 9, Apto. 905, El Valle, Caracas, Venezuela; RIF # J-31267002-9 (Venezuela) [SDNTK].

 

INVERSIONES PMA 243, C.A., Calle Argentina, entre 3a y 4a Avenida, Casa No 86, Catia, Caracas, Venezuela; RIF # J-30835786-3 (Venezuela) [SDNTK].

 

MATSUNICHI OIL TRADER, C.A., Calle La Guairita con Calle Amazonas, Cto. Profesional Eurobuilding, piso 4, Ofic. 48, Urb. Chuao, Caracas, Venezuela; RIF # J-29812490-3 (Venezuela) [SDNTK].

 

MATSUNICHI OIL TRAEADEZ 12, C.A., Calle La Guairita con Calle Amazonas, Cto. Profesional Eurobuilding, piso 4, Ofic. BB, Urb. Chuao, Caracas, Venezuela; RIF # J-29732037-7 (Venezuela) [SDNTK].

 

P L M SOCIEDAD DE CORRETAJE, C.A., Caracas, Venezuela; RIF # J-30877708-0 (Venezuela) [SDNTK].

 

P.L.M. GROUP SOCIEDAD DE CORRETAJE DE VALORES, C.A., Caracas, Venezuela; RIF # J-31254454-6 (Venezuela) [SDNTK].

 

PLM CONSORCIO, C.A., Av. Francisco de Miranda, Edif. Saule, piso 7, Ofic. 72, Chacao, Caracas, Venezuela; RIF # J-31241977-6 (Venezuela) [SDNTK].

 

PLM CONSULTORES, C.A., Av. Francisco de Miranda, Centro Lido, Torre B, piso 10, Ofic. 102-B, El Rosal, Caracas, Venezuela; RIF # J-31241965-2 (Venezuela) [SDNTK].

 

PLM SECURITY CONTROL GROUP, C.A., Caracas, Venezuela; RIF # J-31403007-8 (Venezuela) [SDNTK].

 

PLM TRANSPORTE, C.A., Av. Caurimare, Edif. San Antonio de Padua, piso 2, Apto. 4, Urb. Colinas de Bello Monte, Caracas, Venezuela; RIF # J-31242244-0 (Venezuela) [SDNTK].

 

TECHNO TRANSPORTE ML, C.A., Av. Humboldt, Quinta San Jose, Local 23, Urb. Bello Monte, Caracas, Venezuela; RIF # J-29732032-6 (Venezuela) [SDNTK].


VIC DEL INC. (OFF SHORE), Aquilino de la Guardia, PH Plaza Banco General, Piso 20, Of. 20A, Panama, Panama; RUC # 1794835-1-704338 (Panama); Folio Mercantil No. 704338 (Panama) [SDNTK]. 

to its counter narcotics trafficking sanctions program.

And Treasury issued an accompanying press release:

Treasury Sanctions Drug Trafficking and Money Laundering Network Led by Former Senior Venezuelan Intelligence Official

 
MAY 7, 2018

Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) identified Venezuelan national Pedro Luis Martin Olivares (Martin) as a significant foreign narcotics trafficker pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act).  Additionally, OFAC designated Walter Alexander Del Nogal Marquez (Del Nogal) and Mario Antonio Rodriguez Espinoza (Rodriguez) for materially assisting in, or providing financial or technological support for or to, or providing goods or services in support of, the international narcotics trafficking activities of Martin.  OFAC further designated 20 companies in Venezuela and Panama that are owned or controlled by these three individuals. 

“This action is in response to Martin’s extensive drug trafficking and money laundering activities. Systemic corruption and a collapse in the rule of law are defining features of Venezuela’s government,” said Secretary of the Treasury Steven T. Mnuchin.  “We will deny corrupt Venezuelan regime officials access to the US financial system as we work with international partners to support the Venezuelan people in restoration of democracy and a return to prosperity.”

As a result of today’s action, any assets in which these persons have an interest in the United States or in the possession or control of U.S. persons must be blocked and reported to OFAC.  OFAC’s regulations generally prohibit all dealings by U.S. persons or within (or transiting) the United States that involve any property or interests in property of blocked persons.

Martin is a former Chief of Financial Intelligence for Venezuela’s National Directorate of Intelligence and Prevention Services (DISIP), which is now known as the Bolivarian National Intelligence Service (SEBIN).  On April 24, 2015, Martin was indicted by a grand jury in the Southern District of Florida for willfully conspiring to distribute a controlled substance into the United States and possession with intent to distribute a controlled substance on board an aircraft registered in the United States.

Martin exploited his government position and accepted bribes from drug traffickers operating in Venezuela and Colombia as part of a broader scheme to facilitate the movement of narcotics from and through Venezuelan airspace; specifically, Martin shut down military radar and bribed other Venezuelan officials in furtherance of these activities.  Martin also facilitated the movement of cocaine into Venezuela and paid Venezuelan military officials on Venezuela’s border with Colombia, allowing Martin’s associates to sell the cocaine to other drug trafficking organizations and corrupt Venezuelan officials.  Martin has worked closely with other Venezuelan government officials to launder narcotics proceeds and other illicit funds, including Hugo Armando Carvajal Barrios, who was designated by OFAC on September 12, 2008 as a Specially Designated Narcotics Trafficker pursuant to the Kingpin Act. 

Martin has facilitated the movement of multi-ton loads of cocaine and uses a number of money laundering methods, including the movement of U.S. dollars in bulk by aircraft, couriers, and contracts with third parties.

Del Nogal is one of Martin’s partners, and helps Martin with drug distribution and money movements to Europe as well as laundering illicit narcotics proceeds out of Venezuela.  Rodriguez is Martin’s top associate and right-hand man in Venezuela.  Rodriguez helps Martin use their businesses to launder illicit proceeds from narcotics trafficking and extortion out of Venezuela.

Of the 20 companies designated today, 16 are based in Venezuela while the remaining four are located in Panama.  These companies are allegedly used to launder illicit proceeds from both narcotics trafficking and extortion, and purportedly engage in a range of activities, including private security, transportation, installation of electronics, real estate, construction, finished oil products, consulting, and financial services. 

Today’s OFAC designation was conducted in close coordination with the Drug Enforcement Administration and Customs and Border Protection’s National Targeting Center.

Since June 2000, more than 2,100 individuals and entities have been designated pursuant to the Kingpin Act for their role in international narcotics trafficking activities.  Penalties for violations of the Kingpin Act range from civil penalties of up to $1,466,485 per violation to more severe criminal penalties.  Criminal penalties for corporate officers may include up to 30 years in prison and fines up to $5 million.  Criminal fines for corporations may reach $10 million.  Other individuals could face up to 10 years in prison and fines pursuant to Title 18 of the United States Code for criminal violations of the Kingpin Act.

Links:

OFAC Notice

Treasury Press Release

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