US Treasury Dep’t Identifies Sinaloa Drug Kingpins

The Treasury Department has identified eight more bosses from the Sinaloa drug cartel pursuant to the Foreign Narcotics Kingpin Designation Act which subjects their U.S. assets to seizure and bans Americans from conducting business with them as reported by Damien Cave for The New York Times.  The move is largely symbolic which will have little, if any, impact on the Sinaloa bosses or their operations because they have so few permanent assets in the United States and law enforcement traditionally is reluctant to prosecute the banks and other businesses which launder their money into Mexico.  Cartel head and Forbes-listed billionaire Joaquin “El Chapo” Guzman has been designated for years with no adverse consequence on his drug racket.  Indeed, the latest kingpin designations were met with a cynical response as reported by Lindsey Reiser for KPHO:  “experts tell us this information won’t have any impact on that crime unless we do something about it.”