Topic: U.S. Sanctions Cost Drug Lords $1 Billion

Washington Post
May 5, 2007
Pg. 6


A 12-year U.S. effort to financially squeeze Colombian drug lords has led to more than $1 billion in assets and companies being seized, frozen or put out of business, the Treasury said.
In a report on economic sanctions against Colombian drug cartels, the Treasury's Office of Foreign Assets Control said the program has significantly disrupted the cartels' financial operations.
The Treasury said that at the end of 2006, it had imposed sanctions against 527 companies and 815 individuals on its list of Specially Designated Narcotics Traffickers.