US Issues Sanctions on Three Venezuelans, Twenty Companies

(From UPI)

The U.S. Department of the Treasury placed sanctions on three Venezuelans and 20 entities related to drug trafficking Monday.

Vice President Mike Pence announced the sanctions during a speech at the Organization of American States in Washington D.C., describing the subjects as narcotics “kingpins” with direct ties to Venezuelan President Nicolas Maduro’s regime.

“We have frozen their assets, blocked their access to our nation, so they can no longer poison our people with their deadly drugs,” Pence said.

The Treasury Department’s Office of Foreign Assets Control said it identified Venezuelan national Pedro Luis Martin Olivares “as a significant foreign narcotics trafficker pursuant to the Foreign Narcotics Kingpin Designation Act.”

Martin exploited his position as a former Chief of Financial Intelligence for Venezuela’s National Directorate of Intelligence and Prevention Services and accepted bribes from drug traffickers in Venezuela and Colombia to traffic narcotics through Venezuelan airspace, OFAC said.

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