FEND Off Fentanyl Act: Sanctions and Anti-Money Laundering Against Fentanyl Trafficking
This Act declares international fentanyl trafficking a national security threat and mandates new financial sanctions against foreign persons and criminal organizations, including cartels, involved in this trade. For citizens, this means a strengthened government effort to curb the flow of fentanyl into the country, aiming to improve public safety. The law also extends the time frame for prosecuting sanctions violations.
Key points
Mandatory Financial Sanctions: The President shall block property and transactions of foreign persons knowingly involved in significant fentanyl trafficking by transnational criminal organizations.
Anti-Money Laundering Measures: The Treasury Secretary may designate transactions connected to illicit opioid trafficking as a 'primary money laundering concern,' allowing for special control measures on financial institutions.
Extended Statute of Limitations: The statute of limitations for civil and criminal violations of sanctions is set at ten years.
Forfeited Assets: Proceeds from forfeited property connected to sanctioned transnational criminal organizations will be deposited into Treasury and Justice Department forfeiture funds.
Expired
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