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Drug Trafficking Organization Activity

January 17, 2023

The risk of drug trafficking activity is a top priority for U.S. regulatory agencies, as it generates the largest amount of illicit proceeds laundered in or through the U.S. financial system. The Treasury Department's Office of Foreign Assets Control (OFAC) is increasingly issuing sanctions to foreign organizations involved in smuggling illicit drugs into the United States. Watch this video, presented by Michael Robotti, a partner at Ballard Spahr LLP, for an overview of FinCEN's guidance to address anti-money laundering (AML) risks associated with Drug Trafficking Organization Activity.

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