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OFAC red cards Mexican footballer Marquez

Tom Fox | August 13, 2017

What will FIFA, the U.S. Soccer Federation and the Mexico national soccer team (El Tres) do now that the U.S. Office of Foreign Assets Control (OFAC) has added Rafael Márquez, to its Specially Designated Nationals (SDN) list for acting as a front for and holding assets of a drug trafficking organization? On August 9, Márquez, a Mexican footballer who plays for the club Atlas as well as for the Mexican national team, was added to the Treasury Department's black list, along with his soccer school, his charitable foundation and several other businesses linked to him. Why? For allegedly providing support to and/or being a front for Mesican drug kingpin Raúl Flores Hernández. Márquez denies the allegations.

The most immediate effect is that all Márquez’ assets within U.S. jurisdiction have been frozen. The longer-term effects are not as clear, however, but certain the proscription of U.S.... To get the full story, subscribe now.