Foreign Narcotics Kingpin Designation Act
The Foreign Narcotics Kingpin Designation Act, also known as the Kingpin Act, became law on December 3, 1999. According to the White House, "Its purpose is to deny significant foreign narcotics traffickers, their related businesses, and their operatives access to the U.S. financial system and to prohibit all trade and transactions between the traffickers and U.S. companies and individuals. The Kingpin Act authorizes the President to take these actions when he determines that a foreign person plays a significant role in international narcotics trafficking. Congress modeled the Kingpin Act on the effective sanctions program that the Department of the Treasury’s Office of Foreign Assets Control ("OFAC") administers against the Colombian drug cartels pursuant to Executive Order 12978 issued in October 1995 ("Executive Order 12978") under authority of the International Emergency Economic Powers Act ("IEEPA")."
The New York Times has said that the act has been used for the US to pursue dozens of criminal organizations involved in narcotics across the world. It also wrote that, "The act allows the Treasury Department to freeze any assets of the cartels found in United States jurisdictions and to prosecute Americans who help the cartels handle their money."
- "FACT SHEET: Overview of the Foreign Narcotics Kingpin Designation Act". April 15, 2009. Retrieved October 30, 2013.
- SHERYL GAY STOLBERG (April 16, 2009). "Obama Takes Aim at Finances Of Three Mexican Drug Cartels". New York Times. Retrieved October 30, 2013.