US Treasury takes aim at FARC's financial network

0 Comments | AFP, April, 2008

WASHINGTON (AFP) — The US Treasury Department Tuesday announced it hit with sanctions two entities and four individuals it charged had acted on behalf of the Revolutionary Armed Forces of Colombia (FARC).

The United States' government deems the FARC a terrorist group.

"Today's designation continues our targeted campaign to take down the FARC's financial networks, especially those utilized to launder their narcotics proceeds," said Barbara Hammerle, Deputy Director of the Office of Foreign Assets Control, the department's sanctions compliance unit.

"This is OFAC's third action in the last five months against the FARC's deadly narco-terrorist organization. Our actions complement the efforts of the Colombian government against the FARC," she added.

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